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3. The Brahms Corp. has the following inventory lots on September 1, 2018. Inventory Lot Date Units Cost/Unit Total Cost 104 1/16/12 100 $42
3. The Brahms Corp. has the following inventory lots on September 1, 2018. Inventory Lot Date Units Cost/Unit Total Cost 104 1/16/12 100 $42 $4,200 263 8/20/17 200 $60 $12,000 312 8/12/18 100 $64 $6,400 Brahms uses the perpetual LIFO inventory method. On September 3, Brahms purchases 80 units of inventory at $65 per unit. On September 10, Brahms sells 200 units of inventory.
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas
10th edition
133796833, 133427536, 9780133796834, 978-0133427530
