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A company's inventory records indicate the following data for the month of July. July 1 beginning 380 units @ $15 each July 5 purchased 270
A company's inventory records indicate the following data for the month of July.
July 1 beginning 380 units @ $15 each
July 5 purchased 270 units @ $17 each
July 10 sold 400 units @ $50 each
July 20 purchased 300 units @ $22 each
July 25 sold 400 units @ $50 each
REQUIRED : COMPLETE THE FOLLOWING LEDGERS USING THE FICO AND LIFO INVENTORY VALUATION METHODS.
* ONE FIFO TABLE , ONE LIFO TABLE ( keep separate) .
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