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Periodic System-Calculating Ending Inventory and Cost of Sales Using Average Cost, FIFO, and LIFO ...

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Accounting

Periodic System-Calculating Ending Inventory and Cost of Sales Using Average Cost, FIFO, and LIFO
Leven Company uses a periodic inventory system. The following information for the first quarter is available for the company's merchandise inventory. A physical inventory taken on March 31 of the current year showed 900 units available.
\table[[Date,Units,Unit Cost],[Beg. Inventory:,Jan. 1,480,$9.00
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