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Only need the answers for the blank spots, the others should be correct. . . Purchases Dec. 10600 units at $23 20540 units at $25
Only need the answers for the blank spots, the others should be correct.
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Purchases Dec. 10600 units at $23 20540 units at $25 a. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit cost columnStep by Step Solution
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