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PROBLEM 2: (20 points) Unites company had the following transactions for June: June Purchase Cost Sales 1,000 5 3 500 6 5 800 1,300 7

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PROBLEM 2: (20 points) Unites company had the following transactions for June: June Purchase Cost Sales 1,000 5 3 500 6 5 800 1,300 7 900 500 8 600 Prepare a schedule to calculate the ending inventories and COGS under: FIFO LIFO

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