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Question 1 Inventory information for Part 311 of Nash Corp. discloses the following information for the month of June. June 1 Balance 295 units@$12 June
Question 1 Inventory information for Part 311 of Nash Corp. discloses the following information for the month of June. June 1 Balance 295 units@$12 June 10 Sold 196 units @$30 11 Purchased 799 units $15 20 Purchased 498 units@ $16 15 Sold 505 units$31 27 Sold 296 units@$33 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. LIFO FIFO Cost of Goods Sold Ending Inventory LINK TO TEXT Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFO
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