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A company made the following merchandise purchases and sales during the month of June: 1-Jun purchased 200 6-Jun 17-Jun purchased 150 sold 100 20-Jun
A company made the following merchandise purchases and sales during the month of June: 1-Jun purchased 200 6-Jun 17-Jun purchased 150 sold 100 20-Jun purchased 250 26-Jun 30-Juni sold 200 purchased 150 units @ $8 each units @ $9 each units @ $25 each units @ $10 each units @ $25 each units @ $11 each There was no beginning inventory. If the company uses the last-in, first-out (LIFO) method and the perpetual system, what would be the cost of the ending inventory and the total cost of goods sold? ABIU - Goods Purchased Cost of Goods Sold Date Inventory Balance
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