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The following information is available for the month ofApril. The company uses the perpetual inventory method. April 1 inventory balance 120 units @$8.04 each April
The following information is available for the month ofApril. The company uses the perpetual inventory method. April 1 inventory balance 120 units @$8.04 each April 10purchase 200 units @ $8.20 each April 20purchase 410 units @ $8.40 each April 22sale 630 units @ $15.00 each April 25purchase 310 units @ $8.59 each a. Compute the value of ending inventory under LIFO,show steps. b. Compute the value of ending inventory under FIFO,show steps. c. Which inventory costing method results in the largestcost of goods sold?
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