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During an accounting period a company had the following sequence of transactions: - Beginning inventory is 0 . - The company purchased 500 units at
During an accounting period a company had the following sequence of transactions: - Beginning inventory is 0 . - The company purchased 500 units at $15 per unit. - The company purchased 600 units at $16 per unit. - The company sold 950 units at $20 per unit. What would be the amount of the company's cost of goods sold under FIFO and LIFO respectively
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