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Calculate the cost of goods sold and ending inventory for Gladstone Company assuming it applies the LIFO cost method perperually at the time of each

Calculate the cost of goods sold and ending inventory for Gladstone Company assuming it applies the LIFO cost method perperually at the time of each sale image text in transcribed
Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applles its inventory costing method at the time of each sale, as if it uses a perpetual inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31 . 1. Calculate the cost of goods sold and ending inventory for Gladstone Company assuming it appies the LFO cost method perpetually at the time of each sale

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