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thanks in advance Perpetual Inventory Using LIFO Beginning inventory, purchases,...

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Accounting

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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item Gidget are as follows: Sept. 1 Inventory 10 Sale 80 units at $175 65 units 18 Purchase 75 units at $180 27 Sale 70 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on September 27 and (b) the inventory on September 30. a. Cost of merchandise sold on September 27 b. Inventory on September 30 ignment/takeAssignmentMain.do?invokeretakeAssignmentSessionLocator &inprogress-false Calculator Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item Foxtrot are as follows: Mar. 1 Inventory B Sale 270 units at $18 225 units 375 units at $20 15 Purchase 27 Sale 240 units Assuming a perpetual inventory system and using the last in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 27 and (b) the inventory on March 31. a. Cost of merchandise sold on March 27 b. Inventory on March 31

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