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Q17 FFO and UFO costs under perpetual inventory system The following units of an item were available for sale during. the year: The firm uses

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FFO and UFO costs under perpetual inventory system The following units of an item were available for sale during. the year: The firm uses the perpetual inventory system, and there are 7 units of the item on hand at the end of the year. a. What is the total cost of the ending inventory according to FIFO? b. What is the total cost of the ending inventory according to LIFO

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