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Required Information [The following information applies to the questions displayed below] A company reports the following beginning inventory and two purchases for the month of
Required Information [The following information applies to the questions displayed below] A company reports the following beginning inventory and two purchases for the month of January. On January 26 , me company sells 420 units. Ending inventory at January 31 totals 170 units. Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method
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