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Oriole Lighting had a beginning inventory of 14 units at a cost of $7 per unit on August 1.
During the month, the following purchases and sales were made. Oriole uses a periodic inventory
system. Determine ending inventory and cost of goods sold under: 1. FIFO and 2. LIFO.

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Oriole Lighting had a beginning inventory of 14 units at a cost of $7.pdf

  • 1. Oriole Lighting had a beginning inventory of 14 units at a cost of $7 per unit on August 1. During the month, the following purchases and sales were made. Oriole uses a periodic inventory system. Determine ending inventory and cost of goods sold under: 1. FIFO and 2. LIFO.