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record the inventory, purchaces and cost of goods in a perpetual inventirt recird using the last in first out method LIFO Perpetual Inventory The beginning
record the inventory, purchaces and cost of goods in a perpetual inventirt recird using the last in first out method
LIFO Perpetual Inventory The beginning inventory at Dunne Co, and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit Total Apr. 3 54 $525 $28,350 8 Inventory Purchase Sale 108 630 68,040 11 72 1,750 30 Sale 45 1,750 126,000 78,750 63,000 May B Purchase 90 700 10 Sale 54 1,750 94,500 19 Sale 22 1,750 47,250 28 Purchase 90 770 69,300 June 5 Sale 54 1,840 99,360 16 Sale 72 1,840 132,480 21 Purchase 162 840 136,080 28 Sale 81 1,840 149,040 Step by Step Solution
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