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McGuire Metals Ltd uses the periodic inventory method and had the following inventory information available: A physical count of inventory on 31 December revealed that

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McGuire Metals Ltd uses the periodic inventory method and had the following inventory information available: A physical count of inventory on 31 December revealed that there were 350 units on hand. Required: a. What is the value of ending inventory at 31 December if the company uses FIFO method? b. What is the value of ending inventory at 31 December if the company uses average cost method

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