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Ford Co Uses a Periodic Inventory System

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Ford Co. uses a periodic inventory system. Its records show the following for the month of May, in which 75 units were sold. Ford Co. uses a periodic inventory system. Its records show the following for the month of May, in which 75 units were sold. Instructions Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. Prove the amount allocated to cost of goods sold under each method. Instructions
Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. Prove the amount allocated to cost of goods sold under each method.

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blured image [(Tot. no. units avail. for sale - No. ...

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