Question: inventory calculations for the above transactions using (a) FIFO, (b) LIFU, and (c) average cost. 9-8 On May 31, Stuart Dining has net sales of

inventory calculations for the above transactions using (a) FIFO, (b) LIFU, and (c) average cost. 9-8 On May 31, Stuart Dining has net sales of $330,000 and cost of goods available for sale of $230,000. Compute the estimated cost of the ending inventory, assuming the gross profit is 40 percent

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