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Find cost of goods sold during the period

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Reference no: EM132712374

The accounting records of Kingbird, Inc. show the following data.

Beginning inventory 2,980 units at $5

Purchases 8,020 units at $7

Sales 9,122 units at $10

Problem 1: Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method.

Reference no: EM132712374

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