Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are...
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Accounting
Perpetual Inventory Using LIFO
Beginning inventory, purchases, and sales for Item HX are as follows:
Jan. Inventory units @ $
Sale units
Purchase units @ $
Sale units
Assuming a perpetual inventory system and using the lastin firstout LIFO method, determine a the cost of goods sold on Jan. and b the inventory on Jan.
a Cost of goods sold on Jan. $fill in the blank
b Inventory on Jan. $
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