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Simple Plan Enterprises uses a periodic inventory system. Its records showed the following: Compute the number and cost of goods available for sale, the cost
Simple Plan Enterprises uses a periodic inventory system. Its records showed the following: Compute the number and cost of goods available for sale, the cost of ending inventory, and the cost of goods sold under FIFO and LIFO. Compute the inventory turnover ratio under the FIFO and LIFO inventory costing methods. (Round your answers to 2 decimal places.)
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