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Which method yields the highest net income

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Exercise 5-14 (Algo) Periodic: Cost flow assumptions LO P1

Lopez Company reported the following current-year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 480 units-160 from each of the last three purchases.

Determine the cost assigned to ending inventory and to cost of goods sold for the following.

Which method yields the highest net income?

Reference no: EM133163696

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