Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jan. 1 Inventory 90 units @ $25 8. Sale 72 units 15 Purchase 100 units @ $27 27 Sale 84 units...

Perpetual Inventory Using LIFO<br>Beginning inventory, purchases, and sales for Item 88-HX are as follows:<br>Jan. 1<br>Inventory<br>90 units @ $25<br>8.<br>Sale<br>72 units<br>15<br>Purchase<br>100 units @ $27<br>27<br>Sale<br>84 units<br>Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cos<br>of goods sold on Jan. 27 and (b) the inventory on Jan. 31.<br>a. Cost of goods sold on Jan. 27<br>b. Inventory on Jan. 31<br>%24<br>%24<br>

Extracted text: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jan. 1 Inventory 90 units @ $25 8. Sale 72 units 15 Purchase 100 units @ $27 27 Sale 84 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cos of goods sold on Jan. 27 and (b) the inventory on Jan. 31. a. Cost of goods sold on Jan. 27 b. Inventory on Jan. 31 %24 %24

Jun 02, 2022

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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jan. 1 Inventory 90 units @ $25 8. Sale 72 units 15 Purchase 100 units @ $27 27 Sale 84 units...

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