Zellenger Uses a Periodic Inventory System and Had the Following

question 45

Essay

Zellenger uses a periodic inventory system and had the following data for inventory during the most recent year:
Calculate the company's ending inventory and cost of goods sold under the following inventory cost flow methods:
A)FIFO
B)LIFO
C)Average Cost

• A)FIFO
• B)LIFO
• C)Average Cost

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Definitions:

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