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Medical Company sells kits for $60 each. The following was taken from the inventory records during June. The company had no beginning inventory on June

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Medical Company sells kits for $60 each. The following was taken from the inventory records during June. The company had no beginning inventory on June 1. Date Blankets Units Cost June 3 Purchase $20 Sale Purchase Sale method Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of June 20 using the LIFO inventory cost $136 $144 $180 $120

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