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Lisa Company had 283 units in beginning inventory at a total cost of $32,545. The company purchased 566 units at a total cost of $78,108.
Lisa Company had 283 units in beginning inventory at a total cost of $32,545. The company purchased 566 units at a total cost of $78,108. At the end of the year, Lisa had 226 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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