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The following information is available on company a

01/05/2021 Client: muhammad11 Deadline: 2 Day

The following information is available for Clancy Company:
Beginning inventory..............................600 units at $4
First purchase..................................900 units at $6.50
Second purchase..............................500 units at $7.20
Assume that Clancy uses a periodic inventory system and that there are 760 units left at the end of the month.
Instructions
Compute the cost of ending inventory under the
(a) FIFO method.
(b) LIFO method.

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