Question: Esquire Inc. uses the LiFO method to report its inventory. Imventory at January 1, 2021, was $484,000 During 2021,000 units at $2,000 units were purchased,

Esquire Inc. uses the LiFO method to report its inventory. Imventory at January 1, 2021, was $484,000 During 2021,000 units at $2,000 units were purchased, all at the same price of $24 per unit. 87,000 units were sold during 2021 . Caiculate the December 31, 2021, ending imventory and cost of goods sold for 2021 based on o periodic inventory system. Prow 24 of 40 Next >

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