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Question :
A company has made the subsequent purchases of merchandise during the Month of July:
Using the purchase information found above, answer the two questions below. As you complete each question, be sure to show the information/ numbers you used to reach your final answer.
1.There was no beginning inventory. If the company uses the first-in, first-out technique and the perpetual system, what could be the cost of the ending inventory?
2.There was no beginning inventory. If the company uses the last-in, first-out technique and the perpetual system, what could be the cost of the ending inventory?
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