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Based on this information how much product cost would be

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Maple Company started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first unit cost $800 and the second, $700. One of the items was sold during the year.

Required:

Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory, assuming use of:

a. LIFO
b. FIFO
c. Weighted average

Reference no: EM13480417

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