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The following units of a particular item were purchased and sold during the period: Beginning inventory 40 units at $20 First purchase 50 units at
The following units of a particular item were purchased and sold during the period:
Beginning inventory 40 units at $20
First purchase 50 units at $21
Second purchase 50 units at $22
First sale 110 units
Third purchase 50 units at $23
Second sale 45 units
Find FiFO and LIFO?
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