Question: Before we prepare the comparative statement, calculate the value of ending inventory under each of the three different methods. Begin by computing the ending inventory

 Before we prepare the comparative statement, calculate the value of endinginventory under each of the three different methods. Begin by computing theending inventory value using FIFO (First-in, First-out). (Leave any unused cells blank.

Before we prepare the comparative statement, calculate the value of ending inventory under each of the three different methods. Begin by computing the ending inventory value using FIFO (First-in, First-out). (Leave any unused cells blank. Do not enter a "O" for any zero-balances.) Inventory Layer Beginning inventory (December 31, 20X7) Purchase from February 10, 20X8 Purchase from May 9, 20x8 Purchase from October 21, 20X8 Ending inventory -FIFO Units Unit cost Total cost

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