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Compute the cost of the ending inventory under fifo method

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Question - In its first month of operations, Marigold Company made three purchases of merchandise in the following sequence: (1) 205 units at $5, (2) 290 units at $6, and (3) 390 units at $9. Assuming there are 240 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method.

Reference no: EM133152538

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