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Question #3 During the month of September 2018, Nicholas Company had the following information regarding the buying and selling of its inventory. Sept. 1 Beginning

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Question #3 During the month of September 2018, Nicholas Company had the following information regarding the buying and selling of its inventory. Sept. 1 Beginning inventory of 1,000 units $210 per unit. 8 Purchased 400 units $215 per unit. 12 Sold 500 units. 17 Sold 800 units. 23 Purchased 700 units @ $220 per unit. 25 Purchased 500 units @ $225 per unit. 30 Sold 600 units Required: Compute the ending inventory and the cost of goods sold dollar amounts at the end of September under the following cost flow assumptions: a. FIFO periodic b. LIFO periodic c. FIFO perpetual d. LIFO perpetual (2 Points) (2 Points) (3 Points) (3 Points)

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