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Assume DLM, Inc., began May with 75 units of inventory that cost a total of $ 1.425. During May, DLM, Inc., purchased and sold goods
Assume DLM, Inc., began May with 75 units of inventory that cost a total of $ 1.425. During May, DLM, Inc., purchased and sold goods as follows: DLM, Inc., uses perpetual inventory. Under the LIFO inventory method, how much is DLM's cost of inventory on hand after the sale on May 30? May 6 Purchased 100 units @ $ 12 each May 15 Sold 130 units @ $ 29 each May 22 Purchased 125 units @ $ 14 each May 30 Sold 95 units @ $ 31 each
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