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Bellevue College Operations And Supply Chain Management Assignment Help - periodic inventory

Question - Catlet Co. uses a periodic inventory system. Its records show the following for the month of May in which 65 units were sold. Date Explanation Units UnitCost TotalCost May 1 Inventory 30 $9.44 $283.20 May 15 Purchases 25 12.44 311.00 May 24 Purchases 35 13.44 470.40 Totals 90 $1,064.60 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. (Round answers to 2 decimal places, e.g. 10.50.) FIFO LIFO Ending Inventory $ $ Cost of goods sold $ $

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