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Beginning inventory, purchases, and sales for tem 88-HOX are as follows Mar 1 Inventory 110 units S16 Sale 88 units 15 Purchase 122 units
Beginning inventory, purchases, and sales for tem 88-HOX are as follows Mar 1 Inventory 110 units S16 Sale 88 units 15 Purchase 122 units S20 27 Sale 102 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Mar. 27 and () the ieventory on Mar. 31. a Cost of goods sold on Mar. 27 b. Inventory on Mar. 31
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
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