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Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Assume that Filimonov uses a
Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Assume that Filimonov uses a perpetual inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method. Cost of goods sold $ Cost of ending inventory $
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