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Compute the ending inventory at may

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Question - Coronado Co. uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold.

Units Unit Cost Total Cost

May 1 Inventory 34 $10 $340

15 Purchases 29 13 377

24 Purchases 33 14 462

Totals 96 $1,179

Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods.

Reference no: EM132218547

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