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Exercise 17.1 Using the various costing methods of inventory valuation. LO 17-1 Information about Vinzant Company's inventory of one item follows. Number of eBook Explanation
Exercise 17.1 Using the various costing methods of inventory valuation. LO 17-1 Information about Vinzant Company's inventory of one item follows. Number of eBook Explanation Units 165 Unit Cost Beginning inventory, January 1 Purchases: April August October Ending inventory, December 31 $300 eterences 205 305 225 310 175 165 312 1. Compute the cost of the ending inventory under the average cost method. 2. Compute the cost of the ending inventory under the FIFO method. 3. Compute the cost of the ending inventory under the LIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost of the ending inventory under the FIFO method. Merchandise available for sale Ending Inventory
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