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Joy Co.'s recorded inventory information for the month of August is as follows: Beginning Inventory 22 units at $15 each First Purchase 25 units at

Joy Co.'s recorded inventory information for the month of August is as follows: Beginning Inventory 22 units at $15 each First Purchase 25 units at $18 each Second Purchase 21 units at $20 each Sales 48 units a. Determine the total cost of ending inventory according to FIFO method. $ b. Determine the total cost of ending inventory according to LIFO method. $

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