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McNugget Games uses a periodic inventory system. The firm's records show the beginning inventory of gaming consoles on January 1 , 2 0 2 3
McNugget Games uses a periodic inventory system. The firm's records show the beginning inventory of gaming consoles on January and
the purchases of this item during the current year to be as follows:
A physical count indicates units of inventory at yearend.
Calculate the cost of ending inventory based on each of the following methods of inventory valuation:
a Average cost
b FIFO
c LIFO
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