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Culver Ltd . ( CL ) is a retailer of office equipment. The company uses a periodic inventory system and on October 1 had 2
Culver LtdCL is a retailer of office equipment. The company uses a periodic inventory system and on October had units of inventory with a total cost of $ During the month of October, CL had the following inventoryrelated transactions:
tableExplanation,Units,Unit CostPriceTotal Cost,tableDateOctPurchase,$$
Cost of goods available for sale FIFO: $
Cost of goods available for sale average cost: $
Question: calculate ending inventory at october and cost of goods sold for the month assuming that CL used FIFO and average cost
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