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Question 3 The following information comes from Cromwell Inc.'s inventory records: Purchase date Units bought Cost per unit Sale date Units sold Beginning 80
Question 3 The following information comes from Cromwell Inc.'s inventory records: Purchase date Units bought Cost per unit Sale date Units sold Beginning 80 $24 inventory Jan 2 300 $20 Jan 5 250 Jan 7 200 $16 Jan 14 200 Jan 18 200 $10 Jan 21 100 Jan 25 350 $8 Jan 31 150 Required: Determine Ending inventory using the FIFO, LIFO and AVGCO
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