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Current Attempt in Progress In its first month of operations, Wildhorse Company made three purchases...

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Accounting

Current Attempt in Progress In its first month of operations, Wildhorse Company made three purchases of merchandise in the following sequence: (1) 366 units at $6, (2) 488 units at $8, and (3) 602 units at $9. Assuming there are 244 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Wildhorse uses a periodic inventory system. FIFO LIFO $ LA Ending Inventory
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Current Attempt in Progress In its first month of operations, Wildhorse Company made three purchases of merchandise in the following sequence: (1) 366 units at $6.12 ) 488 units at $8, and (3) 602 units at \$9. Assuming there are 244 units on band at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Wildhorse uses a periodic inventory system

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