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Question 1 (of 6) value: 0.83 points Problem 7-204 [LO 7-3] The college campus bookstore...

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Accounting

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Question 1 (of 6) value: 0.83 points Problem 7-204 [LO 7-3] The college campus bookstore uses a periodic inventory system. The bookstore purchases 425 copies of a textbook at $79 each in June, 1,000 copies in August at $81 each, and 610 copies in December at $84 each. The bookstore sold 1,900 copies of the textbook during the year Required Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. a. FIFO Cost of Goods Sold Ending Inventory b. LIFO Cost of Goods Sold Ending Inventory

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