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The following information is for the inventory of mini-kettles at Funnell Company Limited for the month of May: a. Assuming that the periodic inventory method

The following information is for the inventory of mini-kettles at Funnell Company Limited for the month of May:

a. Assuming that the periodic inventory method is used, calculate the inventory cost at May 31 under each of the following cost flow formulas: 1. FIFO 2. Weighted average (round the weighted average unit cost to the nearest one tenth of one cent)

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