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E6-4 Measuring ending inventory and cost of sales in a perpetual system-LIFO [20-25 min) Refer to the Golf Haven inventory data in Exercise 6-3. Assume
E6-4 Measuring ending inventory and cost of sales in a perpetual system-LIFO [20-25 min) Refer to the Golf Haven inventory data in Exercise 6-3. Assume that Golf Haven uses the perpetual LIFO cost method. Requirements 1 Prepare Golf Haven's perpetual inventory record for the putters on the LIFO basis. Then identify the cost of ending inventory and cost of sales for the month. 2 Journalise Golf Haven's inventory transactions using the perpetual LIFO method. E6-4 Measuring ending inventory and cost of sales in a perpetual system-LIFO [20-25 min) Refer to the Golf Haven inventory data in Exercise 6-3. Assume that Golf Haven uses the perpetual LIFO cost method. Requirements 1 Prepare Golf Haven's perpetual inventory record for the putters on the LIFO basis. Then identify the cost of ending inventory and cost of sales for the month. 2 Journalise Golf Haven's inventory transactions using the perpetual LIFO method
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