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Assume that Crane Inc. has the following inventory data: July 1 Beginning inventory 52 units at $91 Purchases 228 units at $85 5 14 21
Assume that Crane Inc. has the following inventory data: July 1 Beginning inventory 52 units at $91 Purchases 228 units at $85 5 14 21 30 Sale Purchases Sale 152 units $22158 $22242 $11788 $11872 114 units at $87 106 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis? Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis? $22158 $22242 $11788 $11872
Assume that Crane Inc. has the following inventory data: July 1 Beginning inventory 52 units at $91 Purchases 228 units at $85 5 14 21 30 Sale Purchases Sale 152 units $22158 $22242 $11788 $11872 114 units at $87 106 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis?
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