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salmone company reported the following purchases and sales of its only product. Salmone uses a Perpetual inventory system. Determine the cost assigned to the ending
salmone company reported the following purchases and sales of its only product. Salmone uses a Perpetual inventory system. Determine the cost assigned to the ending inventory using lifo.
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO Date Activities Units Acquired Units Sold at at Cost Retail May |Beginning 150 units 1 Inventory $10.00 5 Purchase 220 units @ 10 Sales 15 Purchase 100 units @ $12.00 140 units @ $20.00 $13.00 24Sales 90 units@ $21.00 $2,590 O $2,980 $5,440 $2,860Step by Step Solution
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