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Average Cost is INCORRECT. I have one try left. PLEASE VERIFY BEFORE SUBMITTING ANSWER. THANKS!...

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Accounting

imageAverage Cost is INCORRECT. I have one try left. PLEASE VERIFY BEFORE SUBMITTING ANSWER. THANKS!

Sunland Company uses a periodic inventory system. Its records show the following for the month of May, in which 104 units were sold. Units Unit Cost Total Cost May 1 Inventory 48 $ 14 $ 672 15 Purchases 40 17 680 24 Purchases 56 18 1,008 Totals 144 $ 2,360 Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, eg. 15.647 and final answers to decimal places, eg. 5,125.) FIFO LIFO Average-cost Ending inventory at May 31 $ 720 TA 560 652 Cost of goods sold $ 1.640 $ 1.800 $ 1.695

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