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Spangler Company is a retailer that uses the perpetual inventory system. March 1 Beginning inventory 1 0 0 units of Product M @ $ 1

Spangler Company is a retailer that uses the perpetual inventory system.
March 1 Beginning inventory 100 units of Product M @ $1,690 total cost
6 Purchased 200 units of Product M @ $4,600 total cost
10 Purchased 150 units of Product M @ $4,000 total cost
15 Sold 180 units of Product M
Calculate the inventory cost of item M on March 15(after the sale) using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods.
Do not round until your final answers. Round your final answers to the nearest dollar.
A. First-in, first-out
Ending Inventory Answer
4,460
B. Last-in, first-out
Ending Inventory Answer
0
C. Weighted-average
Ending Inventory Answer
0

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