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Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system. REQUIRED: Calculate the cost of goods sold and
Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system. REQUIRED: Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method. Using formulas and cell references from the problem data, perform the required analysis. Formulas entered in the green cells show in the orange cells. Transfer amounts to CNOWv2 for grading Step by Step Solution
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
