Inventory Costing Methods-Perpetual Method Using the data below, assume that Portet Corporation uses the...
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Inventory Costing MethodsPerpetual Method Using the data below, assume that Portet Corporation uses the perpetual inventory system. Calculate the value of ending inventory and cost of goods sold at yearend using the perpetual method and a firstin firstout, b lastin firstout, and c weightedaverage cost method. Round the cost per unit to decimal places and round your final answers to the nearest dollar. b LastIn FirstOut c Weighted Average 
Inventory Costing MethodsPerpetual Method
Using the data below, assume that Portet Corporation
uses the perpetual inventory system. Calculate the
value of ending inventory and cost of goods sold at
yearend using the perpetual method and a firstin
firstout, b lastin firstout, and c weightedaverage
cost method. Round the cost per unit to decimal
places and round your final answers to the nearest
dollar.
b LastIn FirstOut
c Weighted Average
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