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The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory: July 1 Beginning inventory 35 units

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The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory: July 1 Beginning inventory 35 units @ $13 per unit 10 Purchased 55 units @ $14 per unit 15 Sold 65 units @ 26 Purchased 30 units @ $15 per unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted average cost methods. Round your final answers to the nearest dollar. $ 0 $ 0 A. First-in, First-out: Ending Inventory Cost of Goods Sold: B. Last-in, first-out: Ending Inventory Cost of Goods Sold: C. Weighted average cost: Ending Inventory Cost of Goods Sold $ 0 $ 0 $ 0 $ 0

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