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Oriole Co$.$ uses a periodic inventory system. Its records show the following for the month of May, in which $123$ units were sold.

Compute the ending inventory on May $31$ and cost of goods sold using the FIFO and LIFO methods.

FIFO

LIFO

Ending inventory

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Cost of goods sold

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eTextbook and Media the cost of goods sold calculations. $($Round the average cost per unit to $2$ decimal places, e$.$g$.52\mathrm{.}75$ and final ers to $0$ decimal places, e$.$s$.5\mathrm{.}275.)$

k of Cost of Goods s$)($FIFO$)$:

Calculate weighted$-$average unit cost. $($Round answer io $3$ decimal places, es $5\mathrm{.}125)$

Weighted$-$average unit cost $\backslash$$

eTextbook and Media

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