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Periodic Inventory System Assignment | Top Universities

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January 31st, 2020

Swifty Co. uses a periodic inventory system. Its records show the following for the month of May, in which 73 units were sold. Units Unit Cost May 1 15 24 Inventory Purchases Purchases Totals 23 37 Total Cost $175 184 333 $692 9 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31 € Cost of goods sold Click if you would like to Show Work for this question: Get Accounting homework help today

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