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Mitchell Company uses the periodic inventory system. The following table shows beginning inventory and inventory purchases for 2 0 1 2 : table [
Mitchell Company uses the periodic inventory system. The following table shows beginning inventory and inventory purchases for :
tableUnits,Cost per unit,TotalsBeginning Inventory,$February $May $September $
Mitchell Company sold units for $ each.
Required: Fill in the following table with amounts for Cost of Goods Sold for based on the FIFO inventory valuation methods. You may round your final answer to the nearest dollar.
tableFIFOCost of Goods Sold $
Required: Fill in the following table with amounts for Gross Profit and Ending Inventory for based on the FIFO methods. You may round your final answer to the nearest dollar.
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