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Determine the ending inventory using lifo

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Question 1: Based on the information provided determine the cost of goods sold and ending inventory using LIFO, FIFO and Weighted Average

Background Information: Micky and Friends started business on Jan. 1 with no inventory. They purchased two items during the year with the first item costing $2,500 and second item costing$4,000. During the year they only sold one item

Reference no: EM132465560

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