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Tremblay Corporation reports the following inventory activity for the current year: Beginning inventory 1,800 @ $57 each $102,600 Inventory purchased 9,450 @ $60 each 567,000
Tremblay Corporation reports the following inventory activity for the current year: Beginning inventory 1,800 @ $57 each $102,600 Inventory purchased 9,450 @ $60 each 567,000 Cost of goods available 11,250 units $669,600 During the year, Tremblay sold 9,600 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 nearest whole number. Cost of goods sold $ Ending inventory $ Cost of goods sold $ Ending inventory $ FIFO Cost of goods sold $ Ending inventory $ LIFO Average Cost
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