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Zombie Inc opened its business on December 1, 2016. The company has Dec. 31 fiscal-year end date It had the following activity for a single

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Zombie Inc opened its business on December 1, 2016. The company has Dec. 31 fiscal-year end date It had the following activity for a single inventory (beverage product named "Zombie") item: Units Unit Cost Total Cost Purchases Dec. 2 200 3.50 700 Dec. 10 140 4.50 630 Dec. 20 160 5.50 890 Sales: Dec. 15 250 Dec. 30 150 (2) Using the perpetual system, determine the ending inventory and cost of goods sold for the month of December under each of the following cost flow assumption for Zombie Inc.: Cost flow assumption: FIFO (First In First Out) Ending inventory $. Cost of goods sold $ 1660 550 (1 mark) (1 mark) Cost flow assumption: Moving average costing method Ending inventory $ Cost of goods sold:$ =1717.176 -492.824 493 is okay as long as it is close to 493 1717 is okay as long as it is close to 1717

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