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The following is a record of Indigo Company's transactions for the month of May 2017. May 10 May 1 Balance 390 units @ $20 12
The following is a record of Indigo Company's transactions for the month of May 2017. May 10 May 1 Balance 390 units @ $20 12 Purchase 540 units @ $25 Sale 300 units @ $35 Sale 490 units @ $35 20 Compute the ending inventory under the perpetual system using FIFO and LIFO. FIFO LIFO Ending inventory $ $
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Advanced Cost Accounting
Authors: J.K. Mitra
1st Edition
8122425941, 978-8122425949
