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Scoresby Incorporated tracks the number of units purchased and soid throughout each year but applies its inventory costing method at the end of the year,

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Scoresby Incorporated tracks the number of units purchased and soid throughout each year but applies its inventory costing method at the end of the year, as if It uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31 . Compute the cost of ending inventory alid cost of goods sold under (a) FIFO, (b) LIFO, and (c) weighted average cost. \begin{tabular}{|l|ll|l|} \hline & \multicolumn{2}{|c|}{ Cost of Ending Inventory } & Cost of Goods Sold \\ \hline FIFO & $ & 118,600 & \\ \hline LIFO & $ & 110,100 & \\ \hline Weighted Average Cost & & & \\ \hline \end{tabular} Required 1 Carcuiare ure number and cost of goods available for sale

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