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Required: If required, round your intermediate calculations and final answers to nearest cent. Use rounded amounts in subsequent computations. Put Hahn's given information into a
Required: If required, round your intermediate calculations and final answers to nearest cent. Use rounded amounts in subsequent computations. Put Hahn's given information into a cost of goods sold model. What is unknown? Compute the ending inventory and cost of goods sold using the FIFO, LIFO, and moving average costing methods. FIFO LIFO Moving Average Ending inventory Cost of goods sold Calculate the sum of the ending inventory and cost of goods sold for each method. FIFO LIFO Moving Average Beginning inventory Purchases Cost of goods available Ending inventory Cost of goods sold
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