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Please answer this problem and include the steps to solve. The Inventory recouts of Cushing Inc. reflected the following Information for the year ended December

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Please answer this problem and include the steps to solve.

The Inventory recouts of Cushing Inc. reflected the following Information for the year ended December 31, 2019 Sumber o Unito 190 Unit Cost $ 13.5 Total Coat $ 2,565 320 400 910 15.5 16.5 Inventory, Jandary 1 Purchases May 30 September 28 Goods available for sale Sales: April 10 June 11 November Inventary, December 31 4,960 6,600 $ 14,125 (140) (300) (380) 90 Required: a. Assume that Cushing, Inc., uses a periodic Inventory system. Calculate cost of goods sold and ending inventory under FIFO and LIFO FIFO LIFO Cost of goods sold Ending inventory b. Assume that Cushing, Inc, uses a perpetual Inventory system. Calculate cost of goods sold and ending inventory under FIFO and LIFO. TO UFO Cost of goods sold Finding inventory

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