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Compute the cost of the ending inventory and the cost of

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Jones Company had 115 units in beginning inventory at a total cost of $12,650. The company purchased 220 units at a total cost of $30,360. At the end of the year, Jones had 78 units in ending inventory.

Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost.

Reference no: EM13482576

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