In its first month of operations, Bridgeport Company made three purchases of merchandise in the...
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Accounting
In its first month of operations, Bridgeport Company made three purchases of merchandise in the following sequence: (1) 185 units at $ 6,021295 units at 57 and (3) 380 units at $ 10. Assuming there are 250 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method. Bridgeport uses a periodic inventory system, i FIFO 5 UFO 5
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