Use the following information to calculate cost of goods sold under each of three methods: (a) FIFO, (b) LIFO, and (c) average-cost. Assume the periodic inventory system is used. (Show your work.)

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The Answer of Use the following information to calculate cost of goods sold under each of three methods: (a) FIFO, (b) LIFO, and (c) average-cost. Assume the periodic inventory system is used. (Show your work.)

Use the Following Information to Calculate Cost of Goods Sold