What is the ending inventory under fifo-lifo

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Zoey & Roxy Company began the accounting period with inventory of 3,500 units at USD 25 each. During the period, the company purchased an additional 4,000 units at USD 26 each and sold 3,600 units. Assume the use of periodic inventory procedure, what is the ending inventory under FIFO? LIFO?

Reference no: EM13866644

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