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Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Cost June 1 Beginning 24 $ 11.20
Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Cost June 1 Beginning 24 $ 11.20 $ 268.80 11 Purchase 40 12.20 488.00 24 Purchase 36 14.20 511.20 30 Ending 40 Required: Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods
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