Essay
Calculate the ending inventory under each of the following methods given the information below about purchases and sales during the year. Assume a periodic inventory system. Round to four decimal places. 
Sales for April: 115 units
a) ________ FIFO
b) ________ LIFO
c) ________ Weighted-average
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Available for sale = 60 + 80 + 30 = 170;...View Answer
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