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Do this ASAP I will upvote! Gladstone Limited tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing

Do this ASAP I will upvote!
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Gladstone Limited tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31 . Required: 1. Calculate the Cost of Goods Sold and Ending Inventory for Gladstone Limited assuming it applies the LIFO cost method. 2-a. Calculate the Cost of Goods Sold and Ending Inventory assuming it applies the LIFO cost method perpetually at the time of each sale 2-b. Does the use of a perpetual inventory system result in a higher or lower Cost of Goods Sold when costs are rising? 2-a. Calculate the Cost of Goods Sold and Ending Inventory assuming it applies the LIFO cost method perpetually at the time of each sale 2-b. Does the use of a perpetual inventory system result in a higher of lower Cost of Goods Sold when costs are rising? Higher Lower

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