Problem

Refer to Exercise 5-3 and assume the periodic inventory system is used. Determine the cost...

Refer to Exercise 5-3 and assume the periodic inventory system is used. Determine the costs assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. (Round per unit costs to three decimals, but inventory balances to the dollar.)

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