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Please only answer if you know :) Thank you Inventory information for Part 311 of Ivanhoe Corp. discloses the following information for the month of
Please only answer if you know :) Thank you
Inventory information for Part 311 of Ivanhoe Corp. discloses the following information for the month of June. 302 units $17June 10 Sold 200 units $40 June 1 Balance 795 units $20 Sold 496 units @ $42 11 Purchased 15 498 units $22 Sold 299 units $45 20 Purchased 27 Your answer is partially correct. Try again Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) (2) FIFO LIFO 20899 Cost of Goods Sold 18994 $ 12999 Ending Inventory 11094Step by Step Solution
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