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Please Provide an explanation as well. Any help is greatly appreciated! ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #6 [Ch

image text in transcribedPlease Provide an explanation as well. Any help is greatly appreciated!

ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #6 [Ch 6] Spr 2020 1 of 14 (0 complete) Score: 0 of 2 pts Instructor-created question A company uses the LIFO inventory costing method and a perpetual inventory system. Assume also a per unit selling price to customers of $128. The following information is available for the month: Click the icon to view the records.) (a) Determine the cost of ending inventory. The cost of ending inventory using the LIFO method is $ (b) Determine cost of goods sold for the month. The cost of goods sold using the LIFO method is $ Data Table Item Date Jun. 1 Unit Cost $ 75 Balance Quantity 15 10 20 Sale $ 80 17 30 Purchase Sale Sale Print Done

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