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MetaNote: Answer questions ( 1 8 ) ( 2 0 ) based on the following information: Beginning inv. 0 units $ 0 Purchases ( in
MetaNote: Answer questions based on the following information:
Beginning inv. units $
Purchases in units:
units @ $ $
units @ $ $
Goods available: units $
Units sold: units
What is Cost of Goods Sold under the FIFO method of inventory?
a $
b $
c $
d $
What is Cost of Goods Sold under the LIFO method of inventory?
a $
b $
c $
d $
What is the cost of ending inventory under the average cost method of inventory?
a $
b $
c $
d $
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