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Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year

Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: 

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Required: 

Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. 

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ekkarill92 answered 2 years ago
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