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Rivera Company produces cases of bottled water. They had the following transaction during the month of September. No. of Units Unit Cost September 1 Beginning
Rivera Company produces cases of bottled water. They had the following transaction during the month of September.
No. of Units Unit Cost
September 1 Beginning Balance. 750 2.5
7 Purchase 250 2.25
13 Sale 400
14 Sale 375
19 Purchase 300 3.25
21 Purchase 200 2.75
26. Sale 300
Using the inventory graphic below, determine the ending inventory value under each the FIFO and LIFO methods of
inventory accounting.
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