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The following data are available for a company: (Click the icon to view the information.) Data Table Assume a perpetual inventory system. Transaction Units Unit
The following data are available for a company: (Click the icon to view the information.) Data Table Assume a perpetual inventory system. Transaction Units Unit Cost 3,900 $ 17.80 Using the FIFO inventory costing method, what is cost of goods sold for the year? $ 4,200 16.30 Using the LIFO inventory costing method, what is the cost of ending inventory? $ 1,000 16.60 Beginning inventory 1/1 Purchases, January 23 Purchases, February 14 Purchases, March 17 Units Sold - April 13 at $21 Purchases, May 5 2,200 17.80 9,500 5,700 15.40 Purchases, July 4 3,300 16.80 8,500 Units Sold - October 31 at $17 Purchases, November 22 1,000 15.50 Print Done
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