Question: Assume Smart Touch Learning had 3 tablets in its beginning inventory, each with a cost of $300. on January 3, Smart Touch learning purchased 4

Assume Smart Touch Learning had 3 tablets in its beginning inventory, each with a cost of $300. on January 3, Smart Touch learning purchased 4 tablets at a cost of $310 each. on January 10, Smart Touch learning sold 3 tablets to a customer. if the company is using the LIFO method, then the cost of goods sold on January 10 under a perpetual inventory system would be $910. True or false?

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