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Lisa Company had157units in beginning inventory at a total cost of $18,055. The company purchased314units at a total cost of $43,960. At the end of
Lisa Company had157units in beginning inventory at a total cost of $18,055. The company purchased314units at a total cost of $43,960. At the end of the year, Lisa had126units in ending inventory. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to 0 decimal places, e.g. 1,250.)
FIFO | LIFO | Average-cost | |
The cost of the ending inventory | $ | $ | $ |
The cost of goods sold | $ | $ | $ |
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