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Saved Marvin Company has a beginning inventory of 1 4 sets of paints at a cost of $ 1 . 7 0 each. During the
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Marvin Company has a beginning inventory of sets of paints at a cost of $ each. During the year, the store purchased sets at $ sets at $ sets at $ and sets at $ By the end of the year, sets were sold.
a Calculate the number of paint sets in ending inventory.
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Number of paint sets
b Calculate the cost of ending inventory under LIFO, FIFO, and the weighted average methods.
Note: Round your answers to the nearest cent.
tableCost of ending inventory under LIFOCost of ending inventory under FIFOCost of ending inventory under Weighted Average
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