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SERIAL PROBLEM: KATE'S CARDS lonc: This is a continuation of the Serial Problem: Kate's Cards from Chapters 1 through 5.) KAs expected, the holiday season

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SERIAL PROBLEM: KATE'S CARDS lonc: This is a continuation of the Serial Problem: Kate's Cards from Chapters 1 through 5.) KAs expected, the holiday season was very busy for Kate and her greeting card company. In fact, most of her supplies were fully depleted by year-end, necessitating a restocking of inventory. Assume that Kate uses the periodic method of accounting for inventory and that her January beginning inventory was $0. The following transactions occurred for Kate's Cards during January of the New Year: te Ca Purchases Units Unit Cost Total Cost unit 1,750 300 @ $4.00 per unit 1.200 Total $4,150 Sales Jan. 21.. Jan. 27 380 Total ....1,160 Required d. Calculate the company's cost of goods sold and value of ending inventory for the month of Janu- ary using (I) FIFO, (2) LIFO, and (3) the weighted-average cost method. Round the cost per unit tos decimal places and round your final answers to the nearest dollar

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