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Lester Company sells many products. Hackenberry is one of its popular items. Below is an analysis of the inventory purchases and sales of Hackenberry for
Lester Company sells many products. Hackenberry is one of its popular items. Below is an analysis of the inventory purchases and sales of Hackenberry for the month of March. Lester Company uses the periodic inventory system. Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ Using the weighted average method, calculate the amount assigned to the inventory on hand on March 31. Ending inventory 5 Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending inventory $
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