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E 7 - 3 ( Algo ) Inferring Missing Amounts Based on Income Statement Relationships LO 7 - 1 Hamilton Company uses a periodic inventory

E7-3(Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1Hamilton Company uses a periodic inventory system. At the end of the annual accounting pe
accounting records provided the following information for product 1 :
Required:
Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost invent
cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.)
Enter the missing dollar amounts for the income statement for each of the following independent cases:
\table[[Cases,\table[[Sales],[Revenue]],\table[[Beginning],[Inventory]],Purchases,\table[[Total],[Available]],\table[[Ending],[Inventory]],\table[[Cost of],[Goods Sold]],\table[[Gross],[Profit]],Expenses,\table[[Pretax],[Income],[(Loss)]]],[A,700,150,850,,620,,,160,],[B,1,220,140,1,000,,,,,140,240],[C,,140,,,240,380,270,120,],[D,850,,600,,220,,,150,170],[E,1,060,,810,1,010,,,460,,(70)]]
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