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In its first month of operations, Weather all Company made three purchases of merchandise in the following sequence: (1) 120 units at $6, (2) 470

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In its first month of operations, Weather all Company made three purchases of merchandise in the following sequence: (1) 120 units at $6, (2) 470 units at $7, and (3) 140 units at $8. Assuming there are 330 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Weather all uses a periodic inventory system

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