George Company uses the LIFO perpetual inventory method. Information regarding the only inventory item, widgets...
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George Company uses the LIFO perpetual inventory method. Information regarding the only inventory item, widgets for the month of April follows:
Beginning inventory: 100 units, $10 each
April 10: Purchased 100 units @ $11 each
April 20: Purchased 250 units @ $12 each
April 25: sold 150 widgets
Endin inventory using the LIFO perpetual inventory method for the month of April would be
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