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Calculate ending inventory and cost of goods sold using the last in, first out (LIFO); moving; and weighted average methods.
Tony Merchandise Company has the following information for the month of February:
Feb. 2
Beginning inventory
20
units
@
$12
per unit
Feb. 5
Purchase
$16
Feb. 8
Sale
12
Feb. 21
$18
Feb. 25
14
Answer the following questions for Tony Merchandise Company:
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