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How Me How LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as
How Me How LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 72 $525 $ 37,800 8 Purchase 144 630 90,720 11 Sale 96 1,750 168,000 30 Sale 60 1,750 105,000 May 8 Purchase 120 700 84,000 10 Sale 72 1,750 126,000 19 Sale 36 1,750 63,000 28 Purchase 120 770 92,400 June 5 Sale 72 1,840 132,480 16 Sale 96 1,840 176,640 21 Purchase 216 840 181,440 28 Sale 108 1,840 198,720 Required:
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th edition
978-1118334331, 1118334337, 978-1119036449, 1119036445, 978-1119036432
