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Flora's Gifts reported the following current - month data for its only product. The company uses a periodic inventory system, and its ending inventory consists
Flora's Gifts reported the following currentmonth data for its only product. The company uses a periodic inventory system, and its
ending inventory consists of units units from the January purchase and units from the January purchase.
ad Determine the cost assigned to ending inventory and to cost of goods sold for the following.
e Which method yields the lowest net income?
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Determine the cost assigned to ending inventory and to cost of goods sold for the following.
Note: Do not round intermediate calculations and round your answers to nearest whole dollar.
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