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The data below are for Parrett Enterprises: Beginning Inventory:
100 units at $1 per unit Purchase:
375 units at $2 per unit Purchase:
150 units at $3 per unit Ending Inventory is 330 units.
Calculate COGS under the FIFO and LIFO Method. COGS FIFO: ______________ COGS LIFO: ______________
Calculate Ending Inventory Value under FIFO and LIFO method. Ending Inventory Value FIFO: ______________ Ending Inventory value LIFO: ______________
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