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Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June. Exercise 8-13 Inventory information for Part 311
Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June.
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Exercise 8-13 Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June. 300 units @ $11 11 Purchased 798 units $13 20 Purchased 498 units $14 198 units@ $26 15 Sold 501 units@$28 27 Sold300 units$30 June 1 Balance June 10 Sold Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO LIFO FIFO Cost of Goods Sold Ending Inventory LINK TO TEXT LINK TO TEXT Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFO
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