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Perpetual inventory using Lipo beginning inventory purchases and sales item follows July 1 inventory 1 0 0 units at $ 1 8 July 8 Sale
Perpetual inventory using Lipo beginning inventory purchases and sales item follows
July inventory units at $
July Sale units.
July purchase units at $
July Sale units.
assuming a perpetual inventory system and using the lastin first outLIFO method, determine
athe cost of July and
bthe invrntory on July
acost of Goods sold on July
b inventory on July
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