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Use LIFO and FIFO for the following: November December 11-01 begin with 500 units @ $22.00 each 11-03 sold 250 units $35.00 each 11-05 purch
Use LIFO and FIFO for the following:
November December 11-01 begin with 500 units @ $22.00 each 11-03 sold 250 units $35.00 each 11-05 purch 500 units@ $23.00 each 11-10 sold 250 units@ $36.00 each 11-15 purch 450 units@$26.00 each 11-19 purch 300 units$28.00 each 11-23 sold 200 units@$37.00 each 11-29 purch 300 units@$30.00 each 12-01 begin with 1,350 units $36,000 12-04 sold 350 units@$38.00 each 12-10 purch 500 units$29.00 each 12-13 sold 600 units@ $40.00 each 12-18 purch 600 units@$31.00 each 12-20 sold 600 units $41.00 each 12-21 purch 400 units@$30.00 each 12-24 sold 550 units@ $42.00 eachStep by Step Solution
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