Question: Problem #3: Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of

Problem #3: Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): 40 units at $86 per unit 70 units at $83 per unit 170 units at $91 per unit Sales for the year totaled 100 units Required: COGS and Ending inventory using the LIFO method is

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