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L 0 7 . 2 Hamilton Company uses a periodic Inventory system. At the end of the annual accounting perlod, December 3 1 of the
L
Hamilton Company uses a periodic Inventory system. At the end of the annual accounting perlod, December of the current year, the
accounting records provided the following Information for product :
Required:
Compute ending Inventory and cost of goods sold under FIFO, LIFO, and average cost Inventory costing methods.
Note: Round "Average cost per unit" to decimal places and final answers to nearest whole dollar amount.
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