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Units Unit Cost Inventory, September 1 100 $3.00 Purchases: September 8 225 4.00 September 18 175 5.00 A physical inventory on September 30 shows 200
Units Unit Cost Inventory, September 1 100 $3.00 Purchases: September 8 225 4.00 September 18 175 5.00 A physical inventory on September 30 shows 200 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. Ending inventory $ Cost of goods sold $
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