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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. 3. Compute the cost assigned to ending inventory
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (For specific identification, units sold consist of 570 units from beginning inventory, 280 from the February 10 purchase, 190 from the March 13 purchase, 150 from the August 21 purchase, and 300 from the September 5 purchase.) Complete this question by entering your answers in the tabs below
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