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Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Kingbird Corp. discloses the following information for the month of June. June 1 11
Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Kingbird Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 304 units @ $17 804 units @ $21 499 units @ $22 June 10 15 27 Sold Sold Sold 201 units @ $41 503 units @ $43 301 units @ $46 (a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) LIFO (2) FIFO Cost of Goods Solds Ending Inventory Click if you would like to Show Work for this question: Open Show Work
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