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4) A company's inventory records indicate the following data for the month of January: The units sell for $ 35.00 a unit. They use the
4) A company's inventory records indicate the following data for the month of January: The units sell for $ 35.00 a unit. They use the LIFO perpetual method to cost out their inventory. 15 points Date January 1 January 5 Activities Beginning inventory Purchase January 9 January 14 Purchase Sale January 20 Sale January 30 Purchase Units Acquired at Cost 180 units @ $9 = $1,620 170 units @ $10 = $1,700 200 units @ $11 = $2,200 230 units @ $12 = $2,760 Units Sold at Retail 300 units @ $35 150 units @ $35 Requirements Us the form below to calculate value of ending inventory at lifo perpetural and cost of goods sold. Answer the three questions that follow.
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