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If alphabet company uses the FIFO & LIFO method which will the inventory ending cost would be for each? Alphabet Company, which uses the periodic
If alphabet company uses the FIFO & LIFO method which will the inventory ending cost would be for each? Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased A thru G in January at $6.00 per letter. In February, it purchased H thru L at $8.00 per letter. It purchased M thru R in March at $9.00 per letter. It sold A, D, E, H, J and N in October. There were no additional purchases or sales during the remainder of the year
If alphabet company uses the FIFO & LIFO method which will the inventory ending cost would be for each?
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