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In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: (1)300units at $6, (2)400units at $8, and (3)500units

In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: (1)300units at $6, (2)400units at $8, and (3)500units at $9. What is the ending inventory for FIFO and LIFO

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