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question is in picture Nittany Company uses a periodic Inventory system. At the end of the annual accounting period, December 31 of the current year,
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Nittany Company uses a periodic Inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following Information for product : taita 1,820 Unit Cost $6 Inventory, December 31, prior year For the current years Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 5,090 2,970 4,060 8 9 Required: Compute ending Inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) FIFO UFO Average Cost Ending inventory Cost of goods sold Step by Step Solution
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