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Lisa Company had 246 units in beginning inventory at a total cost of $27,060. The company purchased 492 units at a total cost of $70,848. At the end of the year, Lisa had 197 units in ending inventory.

(a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M941286

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