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10a. Using the following information, calculate the ending inventory balance and the cost of goods...

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Accounting

10a. Using the following information, calculate the ending inventory balance and the cost of goods sold expense that would be reported at the end of the year if the following inventory valuation methods are used:

a. Average cost

b. FIFO

c. LIFO

Units Purchase Price

Beginning inventory 110 $25

Purchase #1 90 $26

Purchase #2 145 $22

Purchase #3 65 $21

Sales 300 units

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