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This is information that came out blurry. its reads Frate Company maintains a perpetual inventory system and recorded the following information for the quarter ending

This is information that came out blurry. its reads
Frate Company maintains a perpetual inventory system and recorded the following information for the quarter ending March 31,2017.
please work the problem step by step teacher is a hard grader. image text in transcribed
Problem 1 - Inventory (24 points) company maintains a perpetual inventory system and recorded the the quarter ending March 31, 2017: Cos: Per $50.00 January 1, 2017 beginning inventory Purchases January 6 February 1763 March 27 6 $51.00 S5200 554.00 Sales: January 12 OS February 23 March 30 A physical inventory on March 31, 2017. shows 40 units on hand Required: Compute ending inventory and cost of goods sold for the quarter ending March 31. 2017 using (a) FIFO method AND (b) LIFO method

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