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Nov. 1 - Inventory of 20 units at $19 per unit Nov. 4- Sold 10 units Nov. 10- Purchased 30 units at $20 per unit
Nov. 1 - Inventory of 20 units at $19 per unit
Nov. 4- Sold 10 units
Nov. 10- Purchased 30 units at $20 per unit
Nov. 17- Sold 20 units
Nov. 30- Purchased 10 units at $21 per unit
Using the perpetual system, what is the cost of good sold and ending inventory for November if the company uses LIFO?
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Financial Accounting
Authors: Alan Melville
2nd Edition
0273634399, 978-0273634393
