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1. Rahman Noodles sells really salty noodles for $6 (way overpriced). Because of recent supply chain constraints, Rahman has seen sharp increases in unit prices.

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1. Rahman Noodles sells really salty noodles for $6 (way overpriced). Because of recent supply chain constraints, Rahman has seen sharp increases in unit prices. Rahman uses LIFO. 9/1 9/12 9/30 Beg. Inv. 600 units @ $2 Purchases 900 units @ $3 Purchases 600 units @ $4 a. Rahman Noodles has only one customer and sold 2,000 units in September on account. Record the JE's for the transaction: b. Calculate Rahman's gross profit for the period: c. What is Rahman's ending inventory? d. At the Beginning of the period, RN had a LIFO reserve of $250. What is the LIFO reserve at the end of the period? e. How many units should RN have purchased on 9/30 if its goal was to minimize taxes

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