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Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.12 Purchases Jan 12 600 $ 6.74
Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.12 Purchases Jan 12 600 $ 6.74 Jan 26 160 $ 5.33 Sales Jan 18 Jan 30 370 $ 16.00 250 $ 16.00 What is the Cost of Goods Sold for the period using perpetual LIFO method?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
9th edition
978-1285183244, 128518324X, 978-1285779263, 1285779266, 978-1285183237
