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Lopez Company reported the following current-year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 150

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Lopez Company reported the following current-year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 150 units-50 from each of the last three purchases. Jan. 1 Beginning inventory Mar. 7 Purchase July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase Totals 96 units @ $2.00 220 units @ $2.25 544 units @ $2.50 480 units @ $2.30 160 units. $2.90 1,500 units - $ 192 495 1,360 1,344 464 $3,855 Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to 2 decimal places.) (a) (b) (c) (d) Specific Identification Weighted average FIFO LIFO Ending Cost of Inventory Goods Sold $ 2.839.00 S 17,898.00 X $ 2.805.00 $ 17,932.00 $ 2,958.00 $ 17.779.00 $ 2,676.00 XS 18.06100

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