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April 19, 2014

Homework Help: business accounting

Posted by norma on Friday, June 11, 2010 at 12:53pm.

Lakie uses a perpetual inventory system. Ending inventory consists of 500 units, 400 from the July 28 purchase and 100 from the Dec19 purchase. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c)FIFO,and (d)LIFO

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