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> Washington Company had the following information for the year ending Dec Units Unit Cost Beginning inventory 280 $34 Purchase: April 6 460 37 Sale:
> Washington Company had the following information for the year ending Dec Units Unit Cost Beginning inventory 280 $34 Purchase: April 6 460 37 Sale: May 4 230 Purchase: July 19 320 44 Sale: September 9 510 Purchase: October 10 220 45 Washington uses the perpetual inventory system and the LIFO method. Required: Using LIFO (a) Compute the cost of ending inventory. (b) Compute the cost of goods sold for the year. Explanation Check Search a
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