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M 7 - 1 9 ( Supplement 7 A ) Calculating Cost of Goods Sold and Ending Inventory under FIFO and LIFO ( Perpetual Inventory

M7-19(Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under FIFO and LIFO (Perpetual Inventory)
Refer to M7-10. Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with (a) FIFO and (b) LIFO.
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