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The following information relates to the inventory of Cheap Stuff Ltd during May: Cheap Stuff Ltd uses a perpetual inventory system. Ignore GST. Required Determine

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The following information relates to the inventory of Cheap Stuff Ltd during May: Cheap Stuff Ltd uses a perpetual inventory system. Ignore GST. Required Determine the cost of the ending inventory (assuming there have been no stock losses) and the cost of sales, using the following methods: moving average; round unit cost to the nearest cent; and FIFO Be sure to clearly state the value of ending inventory and cost of sales obtained under each method

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