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Problem 5-1A (Static) Part 3 3. Compute the cost assigned to ending inventory...

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Accounting

Problem 5-1A (Static) Part 3
3. Compute the cost assigned to ending inventory using
(a) FIFO,
(b) LIFO,
(c) weighted average, and
(d) specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase.
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