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Discuss the fifo method and lifo method

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Reference no: EM131814996

In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 150 units at $8, (2) 460 units at $9, and (3) 150 units at $10.

Assuming there are 310 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Weatherall uses a periodic inventory system.

Reference no: EM131814996

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