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The following units of an item were available for sale dur Line Item Description Units and Cost Beginning inventory 3 2 units at $ 4
The following units of an item were available for sale dur Line Item Description Units and Cost Beginning inventory units at $ Sale units at $ First purchase units at $ Sale units at $ Second purchase units at $ Sale units at $ The firm uses the perpetual inventory system, and there are units of the item on hand at the end of the year. a What is the total cost of the ending inventory according to FIFO? $ b What is the total cost of the ending inventory according to LIFO? $
The following units of an item were available for sale dur
Line Item Description Units and Cost
Beginning inventory units at $
Sale units at $
First purchase units at $
Sale units at $
Second purchase units at $
Sale units at $
The firm uses the perpetual inventory system, and there are units of the item on hand at the end of the year.
a What is the total cost of the ending inventory according to FIFO?
$
b What is the total cost of the ending inventory according to LIFO?
$
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