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On December 1, 2022, Concord Company had the account balances shown below. ( *(4,300 times $ 0.60) ) The following transactions occurred during December: Dec.

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On December 1, 2022, Concord Company had the account balances shown below. \\( *(4,300 \\times \\$ 0.60) \\) The following transactions occurred during December: Dec. 3 Purchased 4,200 units of inventory on account at a cost of \\( \\$ 0.78 \\) per unit. 5 Sold 4,700 units of inventory on account for \\( \\$ 0.94 \\) per unit. (Concord sold 4,300 of the \\( \\$ 0.60 \\) units and 400 of the \\( \\$ 0.78 \\).) 7 Granted the December 5 customer \\( \\$ 171 \\) credit for 200 units of inventory returned costing \\( \\$ 114 \\). These units were returned to inventory. 17 Purchased 2,000 units of inventory for cash at \\( \\$ 0.84 \\) each. 22 Sold 3,300 units of inventory on account for \\( \\$ 0.99 \\) per unit. (Concord sold 3,300 of the \\( \\$ 0.78 \\) units.) Adjustment data: 1. Recognized accrued salaries payable \\( \\$ 500 \\). 2. Recognized depreciation \\( \\$ 280 \\) per month. Your answer is incorrect. Compute ending inventory and cost of goods sold under FIFO, assuming Concord Company uses the periodic inventory system. Ending Inventory \\( \\quad \\$ \\) Cost of Goods Sold \\( \\quad \\$ \\) eTextbook and Media List of Accounts (f) Compute ending inventory and cost of goods sold under LIFO, assuming Concord Company uses the periodic inventory system. Ending Inventory \\( \\quad \\$ \\) Cost of Goods Sold \\( \\quad \\$ \\)

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