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LIFO Perpetual Inventory The beginning inventory of merchandise at Rhodes Co . and data on purchases and sales for a three - month period ending
LIFO Perpetual Inventory
The beginning inventory of merchandise at Rhodes Co and data on purchases and sales for a threemonth period ending June are as follows:
Required:
Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.
Total sales
Total cost of merchandlse sold
Gross profit
Determine the ending Inventory cost on June
Determine the ending Inventory cost on June
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