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Problem 2(18pts): Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of
Problem 2(18pts): Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): July 15 2019 10 units at $100 July 20 2019 70 units at $80 July 25 2019 170 units at $60 each each each Sales for the year totaled 230 units. Ending inventory using the FIFO method is: Costs of Goods Sold using FIFO method is : Costs of Goods Sold using Average Cost method is : Ending inventory using the LIFO method is: Costs of Goods Sold using LIFO method is
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