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The Boxwood Company sells blankets for $32 each. The following was taken from the inventory records during May. The company had no beginning inventory on
The Boxwood Company sells blankets for $32 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Blankets Units Cost Date May 3 Purchase 10 $18 10 Sale 5 17 Purchase 14 $15 20 Sole 5 23 30 Sale Purchase 9 $18 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cont method. Oa. $195 Ob. $552 Oc. $357 Od. $432
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