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A company just starting business made the following four inventory purchases in June: June      1                      &

A company just starting business made the following four inventory purchases in June:

June      1                           150 units                      $   490

June    10                           200 units                           785

June    15                           200 units                           830

June    28                           150 units                           810

                                                                               $2,915

A physical count of merchandise inventory on June 30 reveals that there are 220 units on hand. Using the Periodic Inventory System.

a. Using the LIFO inventory method, the value of the ending inventory on June 30 is?

b. Using the Average Cost Inventory Method what is the Cost of Goods Sold?

c. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is?

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