Question: a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under LIFO Inventory info. for Part 311

a) Assuming that the periodic inventory method is used, compute the

a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under LIFO

Inventory info. for Part 311 of Fancy Corp. discloses the following information for the month of June. 10-Jun Sold 1-Jun Balance 440 units @ $1 11-Jun Purchased 1200 units @ $2 290 units @ $2.40 760 units @ $2.50 15-Jun Sold 20-Jun Purchased 750 units @ $3 27-Jun Sold 440 units @ $2.70

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