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Your answer is correct. Suppose that Crane has the following inventory data: July 1 Beginning inventory 52 units at $91 Purchases 228 units at $85
Your answer is correct. Suppose that Crane has the following inventory data: July 1 Beginning inventory 52 units at $91 Purchases 228 units at $85 5 14 21 30 Sale Purchases Sale 152 units $11788 $11872 $22242 $22158 114 units at $87 106 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?
Suppose that Crane has the following inventory data: Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis? $11788$11872$22242$22158
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