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undefined ACC 113 Project 1C During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory.
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ACC 113 Project 1C During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory. Sept. 1 Beginning inventory of 300 units @ $120 per unit. 8 Purchased 425 units @ $130 per unit. 12 Sold 230 units. 17 Sold 120 units. 23 Purchased 100 units @ $150 per unit. 25 Purchased 150 units @ $160 per unit. 30 Sold 100 units. Compute the value of the cost of goods sold at the end of September under the LIFO periodic cost flow assumption. (Do not use dollar signs ($) when entering amounts. To see comma- formatted numbers reflected in your final answers, you must enter your answers with commas.) Cost of Goods Sold = Goods Available for Sale minus Ending Inventory $ Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Printer Version button at the top of the page. Doing this will open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have completed all of the sectionsStep by Step Solution
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