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find lifo and average cost Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in
find lifo and average cost
Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to 0 decimal places, e.g. 6,548.)Step by Step Solution
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