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QUESTION Determine the ending inventory and the COGS for the following data using a perpetual inventory system and the Last In, First Out (LIFO) method.
QUESTION Determine the ending inventory and the COGS for the following data using a perpetual inventory system and the Last In, First Out (LIFO) method. Date Item Units Cost Total Beg Inventory 5 $5 $25 September 4 Purchase 8 $6 $48 Sale 6 September 8 September 20 September 25 Purchase 15 $7 $105 Sale 12 Use the chart approach to answer the question For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I y S Paragraph Arial 14px Is - L+ ABC v 1 " 2 e X2 X2 {i} #EX: +: + 25+48-36+105-84 =58
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