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FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: table [ [
FIFO and LIFO Costs Under Perpetual Inventory System
The following units of an item were available for sale during the year:
tableBeginning inventory, units @ $ Sale units @$ first purchase units @ $ sale, units @ $ second purchase units @ $ sale units @ $ the firm uses the perpetual inventory system, and there are units of the item on hand at the end of the year. A What is the total cost of the ending inventory according to FIFO? $
B What is the total cost of the ending inventory according to LIFO? $
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