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Required information The following information applies to the questions displayed belowi. Required: The company uses a perpetual inventory system. a. Determine the costs assigned to
Required information The following information applies to the questions displayed belowi. Required: The company uses a perpetual inventory system. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LFFO c. Compute the gross profit for each method. Complete this question by entering your answers in the tabs below. Determine the costs assigned to ending inventory and to cost of goods sold using FFo
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