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Question - During March, the following sales and purchases of inventories were made by Noor Company:
Number of Units
Cost per Unit
Total Cost
March 1 inventory
100
$13.20
$1,320
March 15 purchase
260
15.00
3,900
March 29 purchase
160
16.00
2,560
March 30 sale
335
Required - Determine the ending inventory and cost of goods sold for Noor Company under the following cost flow assumptions: a. FIFO b. LIFO c. Average cost
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