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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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