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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item HM46 are as follows: Assuming a perpetual inventory system and using the last-in, first-out

image text in transcribed Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item HM46 are as follows: Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 21 and (b) the inventory on March 31

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