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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 360
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 360 units -120 from each of the last three purchases: (a-d) Determine the cost assigned to ending inventory and to cost of goods sold for the following . (e) Which method yields the highest net income? Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold for the following. Note: Do not round intermediate calculations and round your answers to 2 decimal places
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