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Determine cost of goods sold and ending inventory balance

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Question 1: Based on the information provided and assuming The Downtown Appliance Center, Inc. uses a periodic inventory system and the last-in, first-out (LIFO) inventory method, determine cost of goods sold and ending inventory balance.

Question 2: Based on the information provided and assuming The Downtown Appliance Center, Inc. uses a periodic inventory system and the first-in, first-out (FIFO) inventory method, determine cost of goods sold and ending inventory balance.

Question 3: Based on the information provided and assuming The Downtown Appliance Center, Inc. uses a periodic inventory system and the weighted average inventory method, determine cost of goods sold and ending inventory balance.

Attachment:- fifo.zip

Reference no: EM132493554

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