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i need the correct answerr FIFO and UFO costs under perpetual inventory system The following unit in item were available for sale during the year:

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FIFO and UFO costs under perpetual inventory system The following unit in item were available for sale during the year: The firm uses the perpetual inventory system, and there are 7,700 units of the item on hand at the end of the year. a. What is the total cost of the ending inventory according to FIFO? 5 b. What is the total cost of the ending inventory according to LIFO

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