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Inventory ValuationOlivia Company has the following inventory information available:Units Units Cost Total CostJan 1 Beginning Inventory 110 $3.20 $352Feb 15 Purchase 160 3.00 480May 20 Purchase 175 3.40 595Aug 13 Purchase 220 3.60 792Oct 22 Purchase 140 3.80 532Dec 21 Purchase 75 4.00 300=880 =3051sales:Feb 20 220Nov 18 300Dec 12 190=710Calculate ending inventory and cost of goods sold for each of the following cost flow methods. Round your final answer for ending inventory and cost of goods sold to the nearest dollar.a. LIFOb. FIFOc. Weighted Average Cost
At Dec 31, Year 1, Grey, Inc. owned 90% of Winn Corp, a consolidated subsidiary, and 20% of Carr Corp., an investee in which Grey cannot exercise significant influence on th
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