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Purchases 8 0 0 0 widgets at $ 1 each Sold 2 0 0 0 widgets for $ 5 each Purchased $ 1 0 0

Purchases

8000

widgets at $

1

each

Sold

2000

widgets for $

5

each

Purchased $

1000

widgets at $

1.25

each

Ending Inventory

= 8000 2000 + 1000 = 7000 .

Calculate perpetual LIFO. Show math please.

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