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Requirement 2. Determine the amount that would be reported in ending merchandise inventory on OctoberOctober 15 using the LIFO inventory costing method. Enter the transactions
Requirement 2. Determine the amount that would be reported in ending merchandise inventory on
OctoberOctober
15 using the LIFO inventory costing method.
Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $X.XX. Enter the oldest inventory layers first.)
E6-15 (similar to) on convenience store chain, maintains milk invensory by the gallon. The first monthi's milk purchases and sales at es Madson, Wisconsn lbcaton tolow epurchases and sales) emount tha wouild be repoted in ending merchandse invertory on October 15 using the LIFO nventory costing method ransactions have been ented is the peeta on handa More UniTotal DaQuanbity Cost Cost Print Done Enter sny number in the editelds and then dick Check HD 1080 9 alt
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