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Question 4 The inventory records of Martin Corporation below reflected the following information for...

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Accounting

Question 4
The inventory records of Martin Corporation below reflected the following information for
the month of August.
Determine the amount of the ending inventory and cost of goods sold under each
of the following methods assuming the periodic inventory system. Assuming a
physical count shows there are 1,300 units in the ending inventory.
FIFO
LIFO.
Which method gives the highest Net Income?
Which method gives the highest assets value?
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