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Question 3 Not yet answered Marked out of 100 P ag cuestion Inventory Costing Methods Periodic Method The following information is for the Toon Company

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Question 3 Not yet answered Marked out of 100 P ag cuestion Inventory Costing Methods Periodic Method The following information is for the Toon Company for 2012; the company sells just one product Beginning inventory Jan. 1 Purchases Feb 11 May 18 Oct. 23 March 1 July 1 Units Unit Cost 200 $182 500 $183 400 100 400 400 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out, (b) last.in, first out, and (c) weighted average cost method Do not round until your final answers. Round your final answers to the nearest dollar A Firstin, first out Ending Inventory Cost of goods sold 5 B. Last-in, first-out Ending Inventory S Cost of goods sold $ C Weighted Average Ending Inventory Cost of goods sold s

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