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Business, 18.03.2020 02:16 journeyburks07

The Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 5 $20 May 10 Sale 3 May 17 Purchase 10 $24 May 20 Sale 6 May 23 Sale 3 May 30 Purchase 10 $30 Assuming that the company uses the perpetual inventory system, determine the May 31 inventory balance using the LIFO inventory cost method.

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The Boxwood Company sells blankets for $60 each. The following was taken from the inventory records...
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