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In its first month of operations, Bethke Company made three purchases of merchandise in the...

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Accounting

In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 150 units at $9, (2) 500 units at $10, and (3) 150 units at $11. Assuming there are 350 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Bethke uses a periodic inventory system. Cost of the ending inventory FIFO $ LIFO $

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