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The college campus bookstore uses a periodic inventory system. The bookstore purchases 425 copies of a textbook at $63 each in June, 995 copies in

The college campus bookstore uses a periodic inventory system. The bookstore purchases 425 copies of a textbook at $63 each in June, 995 copies in August at $65 each, and 600 copies in December at $68 each. The bookstore sold 1,865 copies of the textbook during the year.

Required:
Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.
a. FIFO
Cost of Goods Sold

Ending Inventory

b. LIFO
Cost of Goods Sold

Ending inventory

c.

Weighted Average cost method. (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)

Cost of Goods Sold
Ending Inventory

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