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Business, 19.06.2020 23:57 jones03riley

The units of an item available for sale during the year were as follows: Jan. 1Inventory180units at $108 Mar. 10Purchase224units at $110 Aug. 30Purchase200units at $116 Dec. 12Purchase196units at $120 There are 208 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. Cost of Inventory and Cost of Goods Sold Inventory MethodEnding InventoryCost of Goods Sold First-in, first-out (FIFO)$ $ Last-in, first-out (LIFO) Weighted average cost

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