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Khalid Company's purchase and sales transactions for July were as follows: July 3 (beg. balance) 8,000@OMR 4.00 Purchases 16 24,000@ 4.40 30 6,000@ 4.75 The
Khalid Company's purchase and sales transactions for July were as follows: July 3 (beg. balance) 8,000@OMR 4.00 Purchases 16 24,000@ 4.40 30 6,000@ 4.75 The company sold 16,000 units. Assuming that the company keeps Periodic inventory records, Khalid is ending inventory on a LIFO basis, is
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