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Tremblay Corporation reports the following inventory activity for the current year: Beginning inventory 1,200 @ $38 each $45,600 Inventory purchased 6,300 @ $40 each 252,000
Tremblay Corporation reports the following inventory activity for the current year: Beginning inventory 1,200 @ $38 each $45,600 Inventory purchased 6,300 @ $40 each 252,000 Cost of goods available 7,500 units $297,600 During the year, Tremblay sold 6,400 units. Compute its cost of goods sold for the year and the ending inventory reported on its balance at year-end under three separate assumptions: FIFO, LIFO, and Average cost. Do not round intermediate calculations. Round your final answer to the near
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