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A company uses the LIFO inventory costing method and a perpetual inventory system. Assume also a per unit selling price to customers of $120. The
A company uses the LIFO inventory costing method and a perpetual inventory system. Assume also a per unit selling price to customers of $120. The following information is available for the month (Click the icon to view the records.) (a) Determine the cost of ending inventory. The cost of ending inventory using the LIFO method is $ (b) Determine cost of goods sold for the month The cost of goods sold using the LIFO method is $ L Data Table Date Item QuantityUnit Cost Nov. 1 Balance 10 64 6 Sale 8 Purchase 15 72 17 Sale 15 30 Sale Print Done
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