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

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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: 92 units @ $26 Oct. 1 8 15 27 Inventory Sale Purchase Sale 74 units a. Cost of goods sold on Oct. 27 b. Inventory on Oct. 31 102 units @ $29 86 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Oct. 27 and (b) the inventory on Oct. 31.
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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 (UFO) method, determine (o) the cost of goods sold on Oct. 27 and (D) the inventory on Oct. 31

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