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Downtown Salad Bar began FY 2017 on January 1 with 300 cartons of kale that had been purchased last year for $11.40 each. In February,
Downtown Salad Bar began FY 2017 on January 1 with 300 cartons of kale that had been purchased last year for $11.40 each. In February, the manage purchased 150 additional cartons for $12.30 each. In July, the manager purchased 170 additional cartons for $12.10 each. In November, the manager purchased 230 additional cartons for $11.90 each. The organization ended the fiscal year with 90 cartons of kale Round your answers to 2 decimal places] A) Supplies expense under LIFO:S B) Inventory balance under LIFO:$ C) Supplies expense under FIFO: $ D) Inventory balance under FIFO:S E) Value of supplies purchased during the year:$ F) Everything else being the same, If the beginning balance of kale was 290 cartons instead of 300, and the ending balance was 80 cartons instead of 90, which of the following would change: 1. Supplies expense under LIFO 2. Supplies expense under FIFO 3. Both (write 1 or 2 or 3
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