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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 30 $ 11.00
Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Cost June 1 Beginning 30 $ 11.00 $ 330.00 11 Purchase 35 12.00 420.00 24 Purchase 35 14.00 490.00 30 Ending 39 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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