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E 7 - 6 ( Algo ) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO 7 - 2

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E7-6(Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2
Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1:
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