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Following is partial information for the income statement of Audio Solutions Company under three different inventory costing methods, assuming the use of a periodic inventory

Following is partial information for the income statement of Audio Solutions Company under three different inventory costing methods, assuming the use of a periodic inventory system:

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Required: 1. Compute cost of goods sold under the FlFO, LIFO, and average cost inventory costing methods. (Round intermediate calculations to 2 decimal places. Round your answers to the nearest whole dollar amount.) Average LIFO FIFO Cost Cost of goods sold Beginning inventory (386 units @$25) 9,650 9,650 9,650 15,444 15,444 15,444 Purchases (468 units $33) Goods available for sale Ending inventory (529 units) Cost of goods sold

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