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The Units of Manganese Plus Available for Sale During the Year

Question 104

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The units of Manganese Plus available for sale during the year were as follows: The units of Manganese Plus available for sale during the year were as follows: ​There are 15 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the inventory cost by a) FIFO, b) LIFO, and c) average cost methods. ​There are 15 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the inventory cost by a) FIFO, b) LIFO, and c) average cost methods.

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