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Ending inventory consists of 470 units, specifically identified as follows : - 120 units from beginning inventory - 60 units from the February 10 purchase
Ending inventory consists of 470 units, specifically identified as follows : - 120 units from beginning inventory - 60 units from the February 10 purchase - 290 units from the June 26 purchase Assuming a periodic system, determine the costs to be assigned to cost of goods sold and ending inventory using the following systems : a. FIFO b. LIFO c. Weighted Average d. Specific Identification
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