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35. The following changes in the inventory of XYZ Company, which maintains perpetual inventories, took place in June: June 1 Balance 1,400 units @ $36
35. The following changes in the inventory of XYZ Company, which maintains perpetual inventories, took place in June: June 1 Balance 1,400 units @ $36 June 14 Purchased 800 units @ $54 June 24 Purchased 700 units @ $45 June 8 Sold 400 units @ $75 June 10 Sold 1,000 units @ $60 June 29 Sold 500 units @ $66 Assume XYZ uses the LIFO method. What are the values of the ending inventory and the cost of goods sold at the end of June? Label your answers
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