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Miller Company had the following information for the year ending December 31: Units Unit Cost Beginning inventory 370 $45 Purchase: April 6 440 44 Sale:

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Miller Company had the following information for the year ending December 31: Units Unit Cost Beginning inventory 370 $45 Purchase: April 6 440 44 Sale: May 4 300 Purchase: July 19 240 39 Sale: September 9 480 Purchase: October 10 310 36 Miller uses the perpetual inventory system and the LIFO method. Required: Using LIFO (a) Compute the cost of ending inventory. (b) Compute the cost of goods sold for the year. Cost of ending inventory Cost of goods sold SO

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