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Demonstarte the cost of the ending inventory under the fifo

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In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: (1) 161 units at $10, (2) 552 units at $11, and (3) 130 units at $12.

Problem 1: Assuming there are 374 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: EM132656871

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