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Exercise 8-10 Inventory information for Part 311 of Martinez Corp. discloses the following information for the month of June. June 1 Balance 299 units $11
Exercise 8-10 Inventory information for Part 311 of Martinez Corp. discloses the following information for the month of June. June 1 Balance 299 units $11 June 10 Sold 197 units@$27 11 Purchased 798 units $14 20 Purchased 502 units @ $15 15 Sold 503 units $29 27 Sold 305 units$31 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO FIFO Cost of Goods Sold Ending Inventory LINK TO TEXT Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFO LINK TO TEXT
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