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Taken from a company's records is the following Click the icon to view the information.) Complete the following assuming a perpetual inventory system If the
Taken from a company's records is the following Click the icon to view the information.) Complete the following assuming a perpetual inventory system If the company uses the FIFO inventory costing method, the cost of ending inventory is$ If the company uses the LIFO inventory costing method, cost of goods sold for the year is $ Units Transaction Units Unit Cost Total Cost 36,000 $ 3.90$140,400 Beginning inventory 1/1 Purchases 46,000 4.10 February 8 188,600 99,000 4.20 415,800 March 15 67,000 301,500 4.50 April 10 $ 1,046,300 Subtotal 248,000 Units Sold - April 22 at $16 153,000 4.80 May 9 403,200 84,000 25,000 125,000 June 19 5.00 $ 1,574,500 357,000 Subtotal Units Sold - August 11 at $19 116,000 Units Sold - August 11 at $19 116,000 72,800 14,000 September 20 5.20 October 30 45,000 5.30 238,500 33,000 6,000 November 17 5.50 $ 1,918,800 422,000 Subtotal Units Sold - December 21 at $21 23,000 Total available for sale 422,000 (292,000) Total units sold 130,000 Ending inventory
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