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All changes saved in Drive ons Help trial - 11 - BI U A GEMEIE...

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Accounting

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All changes saved in Drive ons Help trial - 11 - BI U A GEMEIE E - E A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 410 units. Units Unit Cost Beginning inventory on January 1. $350 $3.40 Purchase on January 9 O $3.60 Purchase on January 25 110 $3.70 Required: Assume the perpetual inventory system is used. A Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method B. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method Q Search or type URL

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