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please show work on how to do it Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31
please show work on how to do it
Hamilton 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: Inventory, December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Inventory, December 31, current year Units 1,800 Unit Cost $5 6,060 4,200 2,810 2 Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Ending inventory Cost of goods sold $ Average Cost 5,620Step by Step Solution
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