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A record of transactions for the month of May was as follows: Purchases Sales May 1 (balance) 450 @ $5.60 May 3 225 @
A record of transactions for the month of May was as follows: Purchases Sales May 1 (balance) 450 @ $5.60 May 3 225 @ $7.00 4 1,320 @ $5.50 6 1,020 @ $7.00 8 865 @ $5.70 12 965 @ $7.50 14. 765 @ $5.80 18 490 @ $7.50 22 1,250 @ $5.90 25 1,400 @ $8.00 29 600 @ $5.95 Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO. Ending inventory $
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
12th edition
1305084853, 978-1305464803, 130546480X, 978-1305799448, 978-1305084858
