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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 640 units @ $50 $32,000 Purchases: January 10: 640
Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 640 units @ \$50 \$32,000 Purchases: January 10: 640 units @ \$50 January 20: 1,120 units @ \$57 Sales: January 12: 800 units January 28: 780 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system Step by Step Solution
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
