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Stellar Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. Units Unit Cost Total Cost
Stellar Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. Units Unit Cost Total Cost April 1 inventory April 15 purchase April 23 purchase 320 400 280 1,000 $216,720 25 10,000 7,560 $24,280 27 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
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