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Accounting

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Classic Co. has the following inventory balances and transactions during February and uses the Perpetual Inventory System. 1) Calculate the Cost of Goods Sold and Ending Inventory using the First-in-First-Out (FIFO) Method. 2) Calculate the Cost of Goods Sold and Ending Inventory using the Last-in-First-Out (LIFO) Method. 3) Calculate the Cost of Goods Sold and Ending Inventory using the Weighted Average Cost Method. (Round all values to 2 decimal places)

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