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The periodic inventory records of Allen Medical Supply indicate the following for the month of June: June 1 Beginning merchandise inventory 1 5 units @
The periodic inventory records of Allen Medical Supply indicate the following for the month of June:
June Beginning merchandise inventory units @ $ each
Purchase units @ $ each
Purchase units @ $ each
Purchase units @ $ each
A physical count of merchandise inventory on June reveals that there are units on hand. Using the LIFO inventory method, the amount allocated to ending inventory.
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