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LIFO-FIFO Patterson maintains the following inventory system. the transaction occurred in the order...

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Accounting

LIFO-FIFO
Patterson maintains the following inventory system. the transaction occurred in the order listed during the period:
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atterson maintains the following inventory system. The transaction occurred in the order listed during the period. Beginning inventory Purchase Sale (sales price $100) Purchase Sales (sales price $100) Units Unit cost Total Cost 1,000 $ 50 900 $ 40 . 800 800 $ 55 400 200 ) Complete the following: 1. Cost of Goods Sold and Ending inventory under periodic FIFO 2. Cost of Goods Sold and Ending Inventory under perpetual LIFO iro 000 Loco 52 3,000 -150.000 OSO 152,000 co 3. Calculate Cost of Goods Sold and Ending inventory using LIFO periodic GOD 4. Calculate the cost of Goods Sold and Ending inventory using Average Cost Method 5. What is the Gross Profit using LIFO periodic

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