Question: Inventory Costing Methods Belden started the year with 1,000 units of inventory with a unit cost of $5. During the year, it bought 3,000 units

Inventory Costing Methods Belden started the year with 1,000 units of

Inventory Costing Methods Belden started the year with 1,000 units of inventory with a unit cost of $5. During the year, it bought 3,000 units at a cost of $6 per unit. A year-end count revealed 500 units on hand. Compute ending inventory assuming both FIFO and LIFO. FIFO $ LIFO $

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