Business
Business, 31.10.2021 01:50, skylarbrown018

In its first month of operations, Larkspur, Inc. made three purchases of merchandise in the following sequence: (1) 235 units at $ 10, (2) 470 units at $ 11, and (3) 435 units at $ 12. Assuming there are 170 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Larkspur uses a periodic inventory system.

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