A company has the following inventory data: December 1 Beginning...
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Accounting
A company has the following inventory data:
December Beginning inventory of units at $ per unit
December Purchased units at $ per unit
December Sold units
December Purchases units at $ per unit
December Sold units
Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for December? What if a periodic inventory system had been used instead of perpetual?
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