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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 8 8 - HX are as follows: Mar. 1 Inventory 8 2 units @
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item HX are as follows: Mar. Inventory units @ $ Sale units Purchase units @ $ Sale units Assuming a perpetual inventory system and using the lastin firstout LIFO method, determine a the cost of goods sold on Mar. and b the inventory on Mar. a Cost of goods sold on Mar. b Inventory on Mar.
Perpetual Inventory Using LIFO
Beginning inventory, purchases, and sales for Item HX are as follows:
Mar. Inventory units @ $
Sale units
Purchase units @ $
Sale units
Assuming a perpetual inventory system and using the lastin firstout LIFO method, determine a the cost of goods sold on Mar. and b the inventory on Mar.
a Cost of goods sold on Mar.
b Inventory on Mar.
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