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FIFO and LIFO call Sundar perpetual inventory system. The following units of an item were available for sale during the year: beginning inventory 27 units
FIFO and LIFO call Sundar perpetual inventory system.
The following units of an item were available for sale during the year:
beginning inventory 27 units at 44
Sale 19 units at $62
first purchase 40 units at $47
Sale 32 units at $64
second purchase 22 units at $49
sale 19 units at $64
The firm uses the perpetual inventory system, and there are 19 units of the item on hand at the end of the year.
A. What is the total cost of ending inventory according to FIFO? B. What is a total of cost of the ending inventory according to L
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