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High Life Company's inventory records for its retail division show the following at October 31: (Click the icon to view the accounting records.) At October

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High Life Company's inventory records for its retail division show the following at October 31: (Click the icon to view the accounting records.) At October 31, 11 of these units are on hand. Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, then (C) FIFO, and finally (d) LIFO. (Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.) Number of units * Specific identification - X Data Table Cost of goods sold Ending inventory 11 Oct 1 Beginning inventory.... 8 units @ $ 170 = $ 1,360 15 Purchase ......... 5 units @ 171 = $ 855 26 Purchase ...... 12 units @ 180 = $ 2,160 Print Done

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