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The Company uses a periodic inventory system. For specific identification, ending inventory consists of 375 units, where 190 are from the January 30 purchase, 80 are from the January 20 purchase, and 105 are from beginning inventory.

Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO.(Round your cost per unit to 3 decimal places.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92079058

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