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Current Attempt in Progress Metlock, Inc. had 100 units in beginning inventory at a total cost of $10,000. The company purchased 200 units at a
Current Attempt in Progress Metlock, Inc. had 100 units in beginning inventory at a total cost of $10,000. The company purchased 200 units at a total cost of $26,000. At the end of the year, Metlock had 85 units in ending inventory. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost
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