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Required Information Beginning 235 unitse $11.4 $2,679 368 unitse $16.48-5,984 435 unitse $21.48-9,309 135 unitse $26.4-3,564 Jan. 1 Jan.10 Sales Mar.15 Sales July30 Purchase oct.

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Required Information Beginning 235 unitse $11.4 $2,679 368 unitse $16.48-5,984 435 unitse $21.48-9,309 135 unitse $26.4-3,564 Jan. 1 Jan.10 Sales Mar.15 Sales July30 Purchase oct. 5 Sales Oct.26 Purchase 170unitse $41.40 298 unitse $41.48 418unitse $41.48 Totals 1,165 units $21,456 870 units Hemming uses a perpetual inventory system the costs assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 3. Compute the gross margin for FIFO method and LIFO method e to search

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