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Saved Help A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units.

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Saved Help A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. 33 Units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 320 80 100 Unit Cost $ 3.00 3.20 3.34 37 points 02.05.18 Required: Assume the perpetual inventory system is used. Determine the costs assigbed to ending inventory when costs are assigned based on LIFO. Perpetual LIFO: Goods purchased Date #of units unit Cost per # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance #of units Cost per Inventory Balance w January 1 January 9 January 25 January 26

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