Question: Can you please do question 1 Moroni Industries has the foll- Julr* 1. Assuming that a Perpetual inventory system is used, what is the amount

Can you please do question 1

Moroni Industries has the foll- Julr* 1. Assuming that a Perpetual inventory system is used, what is the amount allocated to ending inventory and Cost of Goods Sold on a FIFO basis? 2. Assuming that a periodic Inventory system is used, what is the amount allocated to ending inventory and Cost of Goods Sold on a LFO basis

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