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Q3. Nesbo Ins. uses a periodic inventory system. It records show the following for the months of July, in which 74 units for sol. Date

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Q3. Nesbo Ins. uses a periodic inventory system. It records show the following for the months of July, in which 74 units for sol. Date Explanations Units Unit Cost Total Cost July 1 Inventory 30 $ 9 S 270 15 Purchase 25 10 250 24 Purchase 38 418 Total 23 938 Required: Calculate the ending inventory at July 30 using the (a) FIFO, (b) LIFO, (e) average-cost methods. (For average cost, round the average units cost to three decimal places.) Prove the amount allocated to cost of sold under each method

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