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Brief Exercise 8-6 Grouper Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available Unit Cost
Brief Exercise 8-6 Grouper Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available Unit Cost April 1 inventory April 15 purchase April 23 purchase Units 230 360 410 1,000 Total Cost $ 5,980 11,160 13,940 31,080 $26 31 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold s
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