Accounting/ Finance Question
A company’s purchases and sales during a year are shown below. Assume that all units are identical except their price. January 1: Purchase A @ $5. February 1: Purchase B @ $7. March 1: Sell B @ $8. April 1: Purchase C @ $10. May 1: Purchase D @13. June 1: Sell C @ $14. Find the COGS ($) & Ending Inventory using the Specific Identification, FIFO Perpetual, FIFO Periodic, LIFO perpetual and LIFO period methods>
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