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Save & B Salmone Company reported the following purchases and sales of its only product Salmone uses a perpetual inventory system. Determine the cost assigned
Save & B 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 May i Units Sold at Retail Units Acquired at Cost 290 units @ $14 290 units $16 5 Activities Beginning Inventory Purchase Sales Purchase Sales 210 units @ $24 170 units @ $17 15 24 160 units @ $25 Multiple Choice $11,590 $5.340 $5.340 Windows Multiple Choice $11,590 $5,340 $5,510 $6.250 66.250 $5.900
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