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Complete this question by entering your answers in the tabs below. Req 1A Req 1B Calculate the Cost of Goods Sold and Ending Inventory
Complete this question by entering your answers in the tabs below. Req 1A Req 1B Calculate the Cost of Goods Sold and Ending Inventory for Scrappers Supplies assuming it applies the LIFO cost method perpetually at the time of each sale. TIP: The sale of 350 units on April 1 is assumed, under LIFO, to consist of the 310 units purchased March 2 and 40 units from beginning inventory. LIFO (Perpetual) Beginning Inventory Purchases March 2 June 30 Total Purchases Goods Available for Sale Cost of Goods Sold Units from beginning inventory Units from March 2 purchase Units from June 30 purchase Total Cost of Goods Sold Ending Inventory Units Cost per Unit Total $ 0 0 0 0 0 Req 1A Req 1B >
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