Perpetual Inventory Using LFO The following units of a particular item were available for sale...
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Accounting
Perpetual Inventory Using LFO The following units of a particular item were available for sale during the calendar year: The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in, first-out method. Present the data in the form illustrated in Exhibit 4. Under LIF, if units are in inventory at two or more different costs, sentar the unire with the I OWER unit cost first in the Inventory Unit Cost column
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