Question: Help me please Maxell Company uses the FIFO method to... Maxell Company uses the FIFO method to assign costs to inventory and cost of goods

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Maxell Company uses the FIFO method to... Maxell Company uses the FIFO method to assign costs to inventory and cost of goods sold. The company uses a periodic Inventory system. Consider the following information: What amounts would be reported as the cost of goods sold and ending inventory balances for the year? Cost of goods sold $1,225; Ending Inventory $215 Cost of goods sold $1,365; Ending Inventory $180 Cost of goods sold $1,150; Ending Inventory $200 Cost of goods sold $1,190; Ending inventory $160

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