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Determining the cost of inventory using the fifo lifo and

Question: Determining the cost of inventory using the fifo, lifo, and weighted-average inventory costing methods Inventory costing information for Venture Plumbing is given in the Working Papers. Work this problem independently.

1. Calculate the cost of ending inventory using the fifo, lifo, and weighted-average methods. There are 24 units in ending inventory.

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Accounting Basics: Determining the cost of inventory using the fifo lifo and

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