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Question - Inventory data for Wilson Corporation for August 2020 are as follows:
August 1 Balance 75 units at $100 each
August 12 Purchase 70 units at $105 each
August 16 Sale 65 units
August 21 Purchase 80 units at $108 each
August 30 Sale 75 units
Required - Calculate the ending inventory and cost of goods sold in dollars, using:
1. LIFO (Perpetual)
2. FIFO (Perpetual)
3. Average (Perpetual)
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