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FIFO and UIFO Costs Under Perpetual Inventory System The following units of an item were avallable for sale during the year: The firm uses the

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FIFO and UIFO Costs Under Perpetual Inventory System The following units of an item were avallable for sale during the year: The firm uses the perpetual inventory system, and there are 28,322 units of the item on hand at the end of the year. a. What is the total cost of the ending inventory according to FFO? b. What is the total cost of the ending inventory according to LIFO

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