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Compute the cost of the ending inventory

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Question - Lisa Company had 246 units in beginning inventory at a total cost of $27,060. The company purchased 492 units at a total cost of $70,848. At the end of the year, Lisa had 197 units in ending inventory.

Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost.

Reference no: EM131929367

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