A company sells a single product and had the following beginning inventory, purchases, and sales during March.
Calculate the cost of the ending inventory under each assumption below:
(1) The compary uses a periodic inventory systern ard determiries cost on a FIFO basis.
Endinig inventory cost_________________
(2) The compary uses a periodic irmentory system ard deterniries cost an a weighted average basis. (Round average cost per wit to 2 decimals.)
Endinig invenitory cost__________________
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