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Problem 5-7AA (Algo) Periodic: Alternative cost flows LO P3 Seminole Company began the year with 27,500 units of product in its January 1 inventory costing

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Problem 5-7AA (Algo) Periodic: Alternative cost flows LO P3 Seminole Company began the year with 27,500 units of product in its January 1 inventory costing $16.50 each. It made four purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31 , a physical count reveals that 50,000 units of its product remain in inventory. Required: 1. Compute the number and total cost of the units available for sale during the yeat. 2. Compute the amounts assigned to ending inventory and the cost of goods sold using ( ( ) FIFO, (b) LIFO, and (C) weighted average. Complete this question by entering your answers in the tabs below. Compute the amounts assigned to ending inventory and the cost of goods sold using (a) FFFO, (b) LIFO, and (c) weighted average. ( Oo not round intermediate calculations. Hound the final answers to nearest whole dollars.)

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