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Using the following information of purchases and sales, determine the following using FIFO, LIFO, & Weighted Average: a. Cost of goods sold b. Ending inventory

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Using the following information of purchases and sales, determine the following using FIFO, LIFO, & Weighted Average: a. Cost of goods sold b. Ending inventory value c. Gross profit Sales Purchases 11/1 - Beginning inventory | 310 units at $88/each 11/10 - Purchase 144 units at $90/each 11/12 - Sale 11/14 - Sale | 11/20 - Purchase 240 units at $96/each 240 units at $120/each 166 units at $120/each

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