How do determine the cost assigned to ending inventory

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Reference no: EM132666882

The Company uses a periodic inventory system. For specific identification, ending inventory consists of 420 units, where 360 are from the January 30 purchase, 5 are from the January 20 purchase, and 55 are from beginning inventory.

Problem 1: Determine the cost assigned to ending inventory and to cost of goods sold using () specific identification, () weighted average, () FIFO, and () LIFO.

Reference no: EM132666882

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