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The following information was taken from the purchasing and inventory records of the Etienne Company for inventory item Z103BL11: A physical inventory count was performed
The following information was taken from the purchasing and inventory records of the Etienne Company for inventory item Z103BL11: A physical inventory count was performed on December 31, 2016. The quantity of inventory counted for item # Z103BL11 was 245. Each unit of inventory is sold for $20 per unit. Using the FIFO and LIFO methods of inventory costing (assume the periodic method of inventory is used), compute the following: Show your computations
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