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Coronado Co. uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold. Unit Cost
Coronado Co. uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold. Unit Cost Units Total Cost 34 May 1 15 Inventory Purchases Purchases $10 13 $340 377 29 24 33 14 462 Totals 96 $1,179 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31 $ $ Cost of goods sold ta
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