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Ending inventory under fifo-lifo

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Egypt Co. uses a periodic inventory system. 88 units were sold. The following are the Beginning Inventory and Purchases made during the year. Units Unit Cost Total Cost Beginning Inventory 10 $5 $ 50 May 30 $8 $240 June 25 $10 $250 July 35 $13 $455 Totals 100 $995 Compute the ending inventory under FIFO, LIFO and Weighted Average methods.

Reference no: EM13969286

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