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King Company had 25 units @$5 in beginning inventory; bought 30 units @$6 and then...

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Accounting

King Company had 25 units @$5 in beginning inventory; bought 30 units @$6 and then sold 50 units. Assume King Company uses the FIFO perpetual inventory system. Compute the (a) cost of goods sold and the (b) cost of ending inventory

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