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A company has 30 units in ending inventory and uses the LIFO periodic inventory system. Beginning inventory = 100 units @ $10 cost per unit
A company has 30 units in ending inventory and uses the LIFO periodic inventory system. Beginning inventory = 100 units @ $10 cost per unit Purchase 1 = 40 units @ $12 cost per unit Purchase 2 = 20 units @ $14 cost per unit Compute cost of goods sold
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