Art, Music, and Creative Writing homework help. Brief Exercise 7-4 Inventory Costing MethodsA company with no inventory buys the following three inventory items:On January 10, the company sells one item for $10. On January 15, the company sells a second item for $10. The company uses a perpetual inventory system.Required:Calculate the company’s cost of goods sold under the following inventory costing methods. If required, round your answers to two decimal places.a. FIFO$ _________________ b. LIFO$ _________________ c. Moving Average$ _________________
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