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Data tableHigh Life Company's inventory records for its retail division show the following at May 3 1 : ( Click the icon to view the
Data tableHigh Life Company's inventory records for its retail division show the following at May :
Click the icon to view the accounting records.
At May of these units are on hand.
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Requirement Compute cost of goods sold and ending inventory, using each of the following four inventory methods:
Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold
and ending inventory using a specific identification, then b average cost, then c FIFO, and finally d LIFO. Round
the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.
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