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Question 6 of 14 4.2/6.3 Show Attempt History Current Attempt in Progress Concord Company sells many products Gizmo is one of its popular items. Below
Question 6 of 14 4.2/6.3 Show Attempt History Current Attempt in Progress Concord Company sells many products Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Concord Company uses the periodic inventory system, Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 128 $50 3/3 Purchase 72 $60 3/4 Sales 72 $ 90 3/10 Purchase 256 565 3/16 Sales 80 $100 3/19 Sales 120 $ 100 3/25 saled 72 $ 100 9/30 Purchase 50 $70 (C) Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending Irwentory $ e Textbook and Media Save for later Attempts: 0 of 7 used Submit An
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