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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 Unita Unit Coat Tnventory, December 31, prior year 1.820 $6 Yor the current year Purchase, March 21 5,090 Purchase, August 1 2,970 Inventory, December 31, current year 4,060 54 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 LIFO Average Cost Ending inventory Cost of goods sold Step by Step Solution
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