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In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 330 units at $8 (2) 490 units
In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 330 units at $8 (2) 490 units at $9, and (3) 200 units at $10. Assuming there are 360 units on hand, compute the cost of the ending inventory under FIFO and LIFO method. Oriole uses a periodic inventory system.
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Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO FIFO LIFO X X Cost of the ending inventory 3600 2880 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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