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Pls explain Question 3 of 7 071 III Your answer is incorrect. In its first month of operations, Marigold Corp. made three purchases of merchandise
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Question 3 of 7 071 III Your answer is incorrect. In its first month of operations, Marigold Corp. made three purchases of merchandise in the following sequence: (1) 210 units at $9, (2) 420 units at $10, and (3) 410 units at $11. Assuming there are 120 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Marigold uses a periodic inventory system. FIFO (a) Cost of the ending inventory $ LIFO (b) Cost of the ending inventory $ e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer Using multiple attempts will impact your score. 25% score reduction after attempt 2Step by Step Solution
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