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Demonstrate the cost of the ending inventory under the fifo

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In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 100 units at $5, (2) 400 units at $6, and (3) 100 units at $7.

Question 1: Assuming there are 250 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Bethke uses a periodic inventory system.

Reference no: EM132574382

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