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Question: Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase. (Round your average cost per unit to 2 decimal places.)

a) perpetuate FIFO

b) Perpetuate LIFO

c) weight average perpetuate

d) specific Identification

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Strategic Management, Management Studies

Category:- Strategic Management
Reference No.:- M92684145

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