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Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Date Description Units Purchased at
Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Date Description Units Purchased at Cost Units Sold at Retail June 1 Beginning inventory 190 units @ $10 = $1,900 9 Purchase 1 230 units @ $14 = $3,220 14 Sale 1 270 units @ $25 22 Purchase 2 290 units @ $17 = $4,930 29 Sale 2 275 units @ $25 Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system. This
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