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You are the manager of a new retail cart at the mall. Your business uses the perpetual inventory system. You need to decide which inventory
You are the manager of a new retail cart at the mall. Your business uses the perpetual inventory system.
You need to decide which inventory cost flow assumption method your new business will use: LIFO. Using this method, prepare the journal entries, compute the sales revenue, cost of goods sold and ending inventory for your first month of operations March
Data provided:
tableActivityUnits,tablePurchase Priceper unittableSale Priceper unitPurchase March $Purchase March $$
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