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LEARNING OBJECTIVE: Calculate the ending inventory and cost of goods sold using the LIFO method....

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Accounting

LEARNING OBJECTIVE: Calculate the ending inventory and cost of goods sold using the LIFO method. Purchased Beginning Inventory 1st Purchase 2nd Purchase 3rd Purchase Units Available For Sale Units on Hand Units Sold Beginning Inventory and Purchases Units Unit Cost gggg 100 100 100 100 400 160 $50 240 $52 Ending Inventory $60 $64 Total Cost $5,000 $5,200 $6,000 $6,400 $22,600 Cost of Units on Hand $ Cost of Goods Sold S Using the LIFO method and the information in this table, what is the Cost of Units on Hand and Cost of Goods Sold during this period?
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LEARNING OBJECTIVE: Calculate the ending inventory and cost of goods sold using the LFO method. Using the LIFO method and the information in this table, what is the cost of Units on Hand and Cost of Goods Sold during this period

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