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D Question 42 ABC Company had the following inventory transactions in June. Cost Per Units Unit in $ June 1 Beginning Inventory 60 36
D Question 42 ABC Company had the following inventory transactions in June. Cost Per Units Unit in $ June 1 Beginning Inventory 60 36 June 3 Purchased 190 38 June 8 Purchased 100 40 June 15 Purchased 50 42 On June 20, the company sold 280 units for $90 each. Calculate the following assuming the company uses a LIFO Inventory Cost Method. 1) Cost of Goods Sold 2) Ending Inventory 3) Sales Revenue 4) Gross Profit
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