Shown below is activity for one of the products of Denver 14 January 1 balance,...
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Accounting
Shown below is activity for one of the products of Denver 14 January 1 balance, 520 units @ $50 $26,000 Purchases: January 10: 528 units @ $55 January 2e: 1,840 units @ $59 Sales: January 12: 820 units January 28: 770 units Skipped uses LIFO and a periodic Inventory Required: Compute the January 31 ending inventory and cost of goods sold for system Ending inventory Cost of goods sold
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