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answer JANSEN Company uses the perpetual inventory system and the LIFO method to value inventories. On August 1, there were 10,000 units valued at $40,000
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JANSEN Company uses the perpetual inventory system and the LIFO method to value inventories. On August 1, there were 10,000 units valued at $40,000 in inventory. On August 10, 20,000 units were purchased for $8 per unit. On August 15,24,000 units were sold for $16 per unit. The ending inventory is 6,000 units worth $48,000. 6,000 units worth $24,000. 24,000 units worth $384,000. 24,000 units worth $176,000 Step by Step Solution
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