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Nevens Company uses a periodic inventory system. During November, the following transactions occurred: Required: 1. Compute the cost of goods sold for November and the
Nevens Company uses a periodic inventory system. During November, the following transactions occurred: Required: 1. Compute the cost of goods sold for November and the inventory at the end of November for each of the following cost flow assumptions. If required, round your answers to the nearest dollar. a. FIFO Cost of Goods Sold $ Ending Inventory $ b. LIFO Cost of Goods Sold \$ Ending Inventory \$ c. Average cost (In your computations, round per unit costs to the nearest cent.) Cost of Goods Sold \$ Ending Inventory
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