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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88HX are...

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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88HX are as follows: Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Mar. 27 and (b) the inventory on Mar. 31. Feedback TCheck My Work b. The ending inventory is made up of the oldest purchases

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