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Inventory Costing: LIFO Bordeaux Company has the following information related to purchases and sales of one of its inventory items: table [ [ Date
Inventory Costing: LIFO
Bordeaux Company has the following information related to purchases and sales of one of its inventory items:
tableDateDescription,Units Purchased at Cost,Units Sold at RetaiJune Beginning Inventory, units @$$Purchase units @$$Sale units @ $Purchase units @ $$Sale units @ $
Assume that Bordeaux uses a perpetual inventory system.
Required:
Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method.
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