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The following information comes from CROW Inc.'s inventory records: Purchase date Units Cost per unit Sale date Units sold Beginning inventory 40 $12 Jan 2 150 $10 Jan 10 125 Jan 12 100 $8 Jan 15 100 Jan 20 100 $5 Jan 31 50 Required: (15 points) Determine Ending inventory using the LIFO perpetual method. (15 points) Determine Cost of goods sold using the FIFO periodic method. (15 points) Determine Ending inventory using the Average periodic method

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91763427

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