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Exercise 6-14A (Algo) Periodic: Cost flow assumptions LO P3 Lopez Company reported the...

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Accounting

Exercise 6-14A (Algo) Periodic: Cost flow assumptions LO P3
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 540 units-180 from each of the last three purchases.
(a-d) Determine the cost assigned to ending inventory and to cost of goods sold for the following.
(e) Which method yields the highest net income?
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