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The Following Perpetual LIFO Question Assume your business uses the Perpetual LIFO Inventory Method. Using the Information below, find: 1. COGS 2. GROSS MARGIN 3.

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The Following Perpetual LIFO Question Assume your business uses the Perpetual LIFO Inventory Method. Using the Information below, find: 1. COGS 2. GROSS MARGIN 3. END INVENTORY Revenue Purchases Date (April Units Price Paid Total Price Paid 1,200 $ 6.00 3,000 $ 6.08 1,600 $ 6.40 2400 $ 6.50 1,400 $ 6.60 1,000 $ 6.79 Sales Date (April Units Selling Price 1,000 $ 10.00 2,800 $ 10.00 11 1,200 $ 11.00 23 2,400 $ 11.00 1,800 $ 12.00 6

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