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Compute the cost of the ending inventory under lifo method

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In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: (1) 145 units at $ 9, (2) 408 units at $ 10, and (3) 116 units at $ 11.

Problem 1: Assuming there are 314 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: EM133002093

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