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Compute the cost of the ending inventory

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Question - In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: (1) 157 units at $6, (2) 418 units at $7, and (3) 137 units at $8.

Assuming there are 366 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Danielle uses a periodic inventory system.

Reference no: EM132934719

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