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The following unites of a particular item were available for sale during the year Beginning inventory 100 units

The following unites of a particular item were available for sale during the year Beginning inventory 100 units
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Price: $4.99
Availability: In Stock
Model: A
Average Rating: 5 out of 5 Stars!

The following unites of a particular item were available for sale during the year Beginning inventory 100 units at $60 Sale 75 units at $ 112 First purchase 155 units at $65 Sale 135 units at $112 Second purchase 200 units at $72 Sale 175 units at $112 The firm uses the perpetual inventory system, and there are 70 units of the item on hand at the end of the year. What is the total cost of the ending inventory according to (a) FIFO, (b) LIFO? NOTE: This question is NOT our property; we are only suggesting solution of this question.

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