The following information is provided for the sales of merchandise item PQ for the first...
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The following information is provided for the sales of merchandise item PQ for the first week of December 2020: December 1st, Bought 1,200 units @ $11 December 2nd, Bought 1,800 units @ $12 December 2nd, issued 1,000 units December 3rd, Bought 800 units @ $13 December 4th issued 1,500 units December 5th, issued 1,000 units Required: A record for the above purchases and issues using the LIFO method
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