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Larkspur, Inc. had a beginning inventory on January 1 of 128 units of Product 4-18-15 at a cost of $20 per unit. During the year,

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Larkspur, Inc. had a beginning inventory on January 1 of 128 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar 15 340 units at $23 Sept.4 298 units at $26 July 20 213 units at $24 Dec 2 85 units at $29 850 units were sold. Larkspur, Inc. uses a periodic Inventory system. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 25705 Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to o decimal places, e-g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $ Save for Later Attempts: 0 of 2 used Submit

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