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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 8 8 - H x are as follows: table [ [ Oct .
Perpetual Inventory Using LIFO
Beginning inventory, purchases, and sales for Item are as follows:
tableOctInventory, units @ $Sale, unitsPurchase, units @ $Sale, units
Assuming a perpetual inventory system and using the lastin firstout LIFO method, determine a the cost of goods sold on Oct. and b the inventory on Oct.
a Cost of goods sold on Oct.
$
b Inventory on Oct.
$
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