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Assets Question 3 Oak Tree Ltd. Inventory records for a particular development program show the following at October 31, 2016
• First-in, first out cost 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of
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Answer #1

XOAK Tree Ltd. Requisement : 1 can specific unit cost: cost of good sold Ending Inventory $ 1730 & 1630 Explanation: in cost(? Ending Inventory : - 30 units x S 160 = ls 1600 Cel cost of Good sold! $ 3360 - $ 1600 - s 1760 (C) FIFO (o Ending Invento

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