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Silver, Inc had 1000 units of inventory on hand at March 1 of current year, costing $20 each. purchasws and sales of inventory during the

Silver, Inc had 1000 units of inventory on hand at March 1 of current year, costing $20 each. purchasws and sales of inventory during the month of March were as follows:
According to a physical count, 500 units were on hand at the end of the March. image text in transcribed
Silver, Inc., had 1,000 units of inventory on hand at March 1 of the current year, costing 520 each. Purchases and sales of inventory during the month of March were as follows: Date Purchases 800 units March 8 March 15 March 22 March 27 600 units 400 units $22 each $24 each 700 units According to a physical count 500 units were on hand at the end of March, Assume Silver uses the perodic Inventory system, what is the amount of ending inventory under FIFO7 what is the amount of COGS under average cost inventory method? Assume Silver uses the perpertual inventory system, what is the amount of ending inventory under LIFO? which method (average cost, FIFO, LFO) provides the lowest ending inventory? which method (average cost. FIFO UFO) provides the lowest COGS

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