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it says the lifo is still wrong E7-17 (Algo) (Supplement 7A) Calculating Cost of Ending Inventory and Cost of Goods Sold under Perpetual FIFO and
it says the lifo is still wrong
E7-17 (Algo) (Supplement 7A) Calculating Cost of Ending Inventory and Cost of Goods Sold under Perpetual FIFO and LIFO [LO 7-S1] 77hu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method (ipetually at the time of each sale, as if it uses perpetual inventory system. Assume Oahu Kiki's records show the following for the mitionth of January. The company sold 300 units between January 16 and 23. Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods: 8 Answer is complete but not entirely correct Step by Step Solution
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