Using the information from RE7-10, calculate Jessie Stores€™s inventory on December 31 and its cost of goods sold for December using the LIFO method.
RE7-10
Jessie Stores uses the periodic system of calculating inventory. The following information is available for December of the current year when Jessie sold 500 units of inventory.

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Units 300 600 900 TchalCost $ 75,000 Cost/Unit Inventory, Dec. 1 Purchases, Dec. 8 250 275 165,000 $240000