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The following is a record of Windsor Company's transactions for Boston Teapots for the month of May 2020. @ May 1 12 28 Balance Purchase
The following is a record of Windsor Company's transactions for Boston Teapots for the month of May 2020. @ May 1 12 28 Balance Purchase Purchase 432 units 648 units 432 units $22.00 $26.00 $29.00 May 10 20 Sale Sale 324 units 583 units @ $41.00 $41.00 @ @ Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 605 u hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory $ Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventory using (1) FIFO and (2) LIFO. (1) FIFO (2) LIFO Ending Inventory e Textbook and Media
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