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Using the LIFO inventory method calculate the total cost of goods sold for the month Using the LIFO inventory method calculate the cost of ending
Using the LIFO inventory method calculate the total cost of goods sold for the month
Using the LIFO inventory method calculate the cost of ending inventory after the last sale.
Using the LIFO inventory method calculate the number of units in the ending inventory
Please use the following information for questions 3 - 11. Digital Enterprises uses a perpetual inventory system and has the following data available from inventory, purchases, and sales for the month of January: Date Activity Units Sale Price (per unit) Purchase Price (per unit) $4.50 $5.70 180 Jan. 01 Jan. 07 Jan. 16 Jan. 24 Jan. 30 Beg. inventory Purchase 1 Sale 1 Purchase 2 Sale 2 350 475 $9.70 510 $6.10 325 $11.50
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