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The accounting records of Kingbird Electronics show the following data. Beginning inventory , 3 , 0 6 0 units at $ 7 Purchases , 7
The accounting records of Kingbird Electronics show the following data.
Beginning inventory units at $
Purchases units at $
Sales
units at $
Determine cost of goods sold during the period under a periodic inventory system using a the FIFO method, b the LIFO method, and c the averagecost method.
FIFO
LIFO
Averagecost
Cost of goods sold
$
$
$
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