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I need help with this question java uses the periodic inventory system and had the following inventory & sales activity for the month of june
I need help with this question
java uses the periodic inventory system and had the following inventory & sales activity for the month of june 2016:
Date
Activity
Quantity
Unit Price
5/1
Beginning Inventory
125
$10
5/5
Purchase
250
$12
5/15
Purchase
210
$14
5/25
Purchase
225
$16
Sales were 520 units at $20. Using the LIFO method, determine the dollar value of Cost of Goods Sold for the month of May.
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