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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cast assigned to ending inventory
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cast assigned to ending inventory using LIFO. Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost Unita Sold at Retail 270 units ! $12 280 unita $14 200 units @ $22 160 units & $15 150 units @ $23 Multiple Choice $9.560 $4260 $4.510 o o o o $5,200 $4,BAN
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