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Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided

Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1:

image text in transcribed X I Homework X Question 4 - Chapter 7 Homewol X + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.... . . . D Apps Kylie School ) Kylie Office 365 42 ParentVUE & Kylie Reading ProgroFormative Kylie-Seesaw PaymentPeachcare 2 Portal Login Blue Cross Blue Shi.. Chapter 7 Homework Saved Help Save & Exit Submit stions to X Check my work 4 Q Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: 1.65 Units Unit Cost points Inventory, December 31, prior year 1, 840 $4 For the current year: Purchase, March 21 5, 110 Purchase, August 1 2,980 eBook Inventory, December 31, current year 4, 160 Hint Print Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing References methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Average Cost Ending inventory Cost of goods sold X Mc Graw Hill expire O) Type here to search O 11 a N 9 3 9:21 PM A 1/28/2021

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