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The following events pertains to Deccan Company that occurred during the month of August: 8/1 Beginning Inventory 50 units @ $8.10 each 8/2 Purchased 80
The following events pertains to Deccan Company that occurred during the month of August:
8/1 Beginning Inventory 50 units @ $8.10 each 8/2 Purchased 80 units @ $8.20 each 8/7 Purchased 40 units @ $8.50 each 8/14 Sold 130 units @ $15.00 each 8/19 Purchased 50 units @$9.00 each 8/28 Sold 40 units @ $15.00 each Deccan Company uses a periodic LIFO system. Determine the cost of goods sold and ending inventory for the month of August
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