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During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory. Sept. 1 Beginning inventory of
During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory. Sept. 1 Beginning inventory of 360 units @ \$120 per unit. 8 Purchased 425 units @ \$130 per unit. 12 Sold 240 units. 17 Sold 170 units. 23 Purchased 100 units @ \$150 per unit. 25 Purchased 150 units @ \$160 per unit. 30 Sold 100 units. Compute the value of the cost of goods sold at the end of September under the LIFO perpetual cost flow assumption. (Do not use dollar signs (\$) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.) Compute the value of the ending inventory at the end of September under the LIFO perpetual cost flow assumption. (Do not use dollar signs (\$) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.)
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