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4 CAT HW Question 5 of 5 -/2 = 1 A record of transactions for the month of May was as follows: Purchases Sales
4 CAT HW Question 5 of 5 -/2 = 1 A record of transactions for the month of May was as follows: Purchases Sales May 1 (balance) 4 410@ $5.00 1,320 $4,90 May 3 205@ $8.00 6 1.070@ $8.00 8 835@ $5.10 12 935 @ $8.50 14 735 $5.20 18 480 $8.50 22 1.260@ $5.30 25 1,440@ $9.00 29 600 $5.35 Assuming that perpetual inventory records are kept in dollars, etermine the ending inventory using LIFO.
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
978-1119036357, 1119036356, 1118338413, 1118334264, 978-1118338414, 978-1118334263
