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Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of
Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using LIFO. Sold at May 1 Beginning Inventory 300 units o $15 295 units O $17 5 Purchase 10 Sales 15 Purchase 24 215 units 0$25 175 units $18 Sales 165 units S26 $6,040 O $6.625 o $6,030 O $5.860 $6.635
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