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Lily Company uses a periodic system reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 250 $7

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Lily Company uses a periodic system reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 250 $7 $1.750 12 Purchase 440 8 3,520 23 Purchase 310 9 2,790 30 Inventory 100 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. Cost of the ending inventory $ Cost of goods sold $ eTextbook and Media Save for Later FIFO $ $ LIFO Attempts: 0 of 3 used Submit Answer

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