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Compute the cost of the ending inventory under the lifo

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In its first month of operations, Windsor, Inc. made three purchases of merchandise in the following sequence: (1) 230 units at $5, (2) 460 units at $6, and (3) 430 units at $7.

Problem 1: Assuming there are 160 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Windsor uses a periodic inventory system.

Reference no: EM132685313

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