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Zellenger uses a periodic inventory system and had the following data for inventory during the most recent year: Date Units Cost per unit Extension January

Zellenger uses a periodic inventory system and had the following data for inventory during the most recent year: Date Units Cost per unit Extension

January 1 Beginning inventory 400 $7.00

January 22 Purchase 1,200 7.15

March 14 Purchase 1,100 7.20

May 24 Purchase 1,000 7.30

October 2 Purchase 1,800 7.35 - various - Sales 4,300

December 31 Ending inventory 1,200

Calculate the company's ending inventory and cost of goods sold under the following inventory cost flow methods:

A) FIFO ending inventory: $

cost of goods sold: $

B) LIFO ending inventory: $

cost of goods sold: $

C) Average Cost ending inventory: $

cost of goods sold: $

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