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Inventory data for Jeters Company are presented as follows. Inventory data for Jeters Company are presented as follows. How do cost of the ending inventory

Inventory data for Jeters Company are presented as follows.image text in transcribed

Inventory data for Jeters Company are presented as follows. How do cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost, using perpetual system differ from periodic system? Results using periodic system are below. Why is the average unit cost not $6[($5+$6+$7)3=$6]

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