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Compute the cost of goods sold and ending inventory

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Problem - Inventory information for Part#311A of Bonds Corp. discloses the following information for the month of June.

June 1 balance 450 units @$1

June 10 Sold 300 units @ $2.40

June 11 Purchased 1,200 units @$2

June 15 sold 750 units @$2.50

June 20 Purchased 750 units @$3

June 27 sold 450 units @ $2.70

Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under the LIFO and the FIFO.

Reference no: EM131831495

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