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Belden started the year with 3400 units of inventory with a


Inventory Costing Methods

Belden started the year with 3,400 units of inventory with a unit cost of $9. During the year, it bought 10,200 units at a cost of $10 per unit. A year-end count revealed 1,700 units on hand.

Compute ending inventory assuming both FIFO and LIFO.

FIFO       $

LIFO       $

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Financial Accounting: Belden started the year with 3400 units of inventory with a
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