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Date Activities Units Acquired at Cost Units Sold at Retail August 1 Beginning inventory 2 1 0 units @ $ 1 0 = $ 2
Date Activities Units Acquired at Cost Units Sold at Retail
August Beginning inventory units @ $ $
August Purchase units @ $ $
August Sale units sold
August Purchase units @ $ $
August Sale units sold
Use the above information to calculate ending inventory using LIFO for a company that uses a perpetual inventory system.
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