Lombart Company uses a periodic inventory system. Its
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Lombart Company uses a periodic inventory system. Its records show the following for the month of April, with 25 units
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Lombart Company uses a periodic inventory system. Its records show the following for the month of April, with 25 units on hand at April 30: Instructions (a) Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and average cost formula. (b) Prove the cost of goods sold calculations.
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