andhill Co. uses a perpetual inventory system and the FIFO cost formula for valuing inventory. The company is now in the process of comparing the cost of its inventory with its net realizable value. The following data are available at Sandhill Co.’s year end, December 31:     Units   Unit Cost   Net Realizable Value per Unit Clothing   93     $7     $5   Jewellery   75     20     22   Greeting cards   42     1     4   Stuffed toys   52     11

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A: Some of the methods are used to value inventories are FIFO, LIFO and weighted average method.

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A:

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Q: What is the cost of goods sold?

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