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The following data regarding purchases and sales of a commodity were taken from the related perpetual inventory account: Determine the cost of the ending inventory

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The following data regarding purchases and sales of a commodity were taken from the related perpetual inventory account: Determine the cost of the ending inventory balance at May 31, using (1) the first-in, first-out method and (2) the last-in, first-out method. Identify the quantity, unit price, and total cost of each lot in the inventory

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