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*PLEASE WRITE ANSWER CLEARLY* Simpson Company's inventory records for the most recent year contain the following data: Simpson Company sold a total of 20.700 units
*PLEASE WRITE ANSWER CLEARLY*
Simpson Company's inventory records for the most recent year contain the following data: Simpson Company sold a total of 20.700 units during the year Using the average-cost method, compute the cost of goods sold and ending inventory for the year. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. Using the LIFO method, compute the cost of goods sold and ending inventory for the year Using the average-cost method, compute the cost of goods sold and ending inventory for the year. Using the average-cost method, the cost of goods sold is $ and the ending inventory is $ Using the FIFO method, compute the cost of goods sold and ending inventory for the year. Using the FIFO method, the cost of goods sold is $ and the ending inventory is $. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. Using the LIFO method, the cost of goods sold is $ and the ending inventory is $Step by Step Solution
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