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Business, 17.06.2020 18:57 king514

Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: Units Unit Cost Inventory, December 31, prior year 1,930 $ 6 For the current year: Purchase, March 21 6,160 5 Purchase, August 1 4,170 3 Inventory, December 31, current year 2,860 Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.)

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Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, Decem...
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