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How do I find the cost of goods sold and ending inventory assuming it applies the LIFO cost method of each sale. Mojo Industries tracks

How do I find the cost of goods sold and ending inventory assuming it applies the LIFO cost method of each sale.

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Mojo Industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the time of each sale, as if it uses a perpetual inventory system. Assume its accounting records provided the following information at the end of the accounting period, January 31. The inventory's selling price is $11 per unit. Transactions Unit Cost Units Total Cost Inventory, January 1 $4.50 300 $1,350 Sale, January 10 (250) Purchase, January 12 5.00 375 1,375 Sale, January 17 (200) Purchase, January 26 6.00 105 630

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