Business, 02.12.2020 03:00 bosskid361

A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 320 units. Ending inventory at January 31 totals 140 units. Units Unit Cost Beginning inventory on January 1 290 $ 2.70 Purchase on January 9 70 2.90 Purchase on January 25 100 3.04 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO.

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A company reports the following beginning inventory and two purchases for the month of January. On J...

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