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Hahn Hardware provides the following information relating to its June inventory activity. Hahn uses a perpetual inventory system If required, round your intermediate calculations and
Hahn Hardware provides the following information relating to its June inventory activity. Hahn uses a perpetual inventory system If required, round your intermediate calculations and final answers to nearest cent. Use rounded amounts in subsequent computations Put Hahn's given information into a cost of goods sold model. What is unknown? Compute the ending inventory and cost of goods sold using the FIFO, LIFO and moving average costing methods Calculate the sum of the ending inventory and cost of goods sold for each method. Based on your calculations above, note whether FIFO, moving average or LIFO is appropriate for the following statements
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