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Fill in the blank with yellow shape A company reports the following beginning inventory and purchases for the month of January. On January 26, the
Fill in the blank with yellow shape
A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31 Units Unit Cost Beginning inventory on January 1 320 3.00 3.20 Purchase on January 9 80 100 3.34 Purchase on January 25 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFo. (Round your per unit costs to 2 decimal places. Perpetual LIFO Cost of Goods Sold Goods purchased Inventory Balance cost of per units unit sold unit Cost per inventory of Date units Cost per Cost of Goods of units Sold unit Balance 320 3.00 960.00 January 1 January 9 January 25 January 26 TotalsStep by Step Solution
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