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Business, 15.04.2020 03:43 klivingston1012

Determine the cost of merchandise sold for the transaction on October 8 using the perpetual inventory system and the LIFO method. Date Item Units Cost Total Beginning inventory 5 $10 $50 October 4 Purchase 8 12 96 October 8 Sale 6 October 20 Purchase 15 14 210 October 25 Sale 12

a.$96
b.$72
c.$210
d.$62

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Determine the cost of merchandise sold for the transaction on October 8 using the perpetual inventor...

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