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From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 54 units. Note:
From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 54 units. Note: Round your answers to the nearest cent. Beginning inventory and purchases January 1 April 10 May 15 July 22 August 19 September 30 November 10 December 15 Units 5 10 12 15 18 20 32 16 Unit cost $3.50 4.00 4.50 4.75 5.50 5.70 5.90 6.30
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
