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Zimmer Company uses the perpetual inventory system and the LIFO method. The following information is available for the month of May: May 1 Beginning inventory
Zimmer Company uses the perpetual inventory system and the LIFO method. The following information is available for the month of May: May 1 Beginning inventory 20 units @ $5 10 Purchase 20 units @ $8 15 Sales 15 units 18 Purchase 10 units @ $9 Sales 15 units 30 Purchase 10 units @ $10 21 Instructions Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of May
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