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Business, 30.03.2020 22:07 itsyourgirll

Franklin Co. had 10 units of an inventory item on hand at the beginning of the current year, each of which had a per-unit cost of $10. During the year, 20 additional units were purchased at $11, and 25 units were sold. What is the amount of the ending inventory under the LIFO and the averagecost methods of accounting for inventory?

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Franklin Co. had 10 units of an inventory item on hand at the beginning of the current year, each of...
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