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Larkspur, Inc. had 1 2 5 units in beginning inventory at a total cost of $ 1 2 , 5 0 0 . The company

Larkspur, Inc. had 125 units in beginning inventory at a total cost of $12,500. The company purchased 250 units at a total cost of
$40,000. At the end of the year, Larkspur had 80 units in ending inventory.
(a)
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost.
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