Question: EX 6-4. Perpetual Inventory Using LIFO Obj. 2, 3 Assume that the business in Exercise 6-3 maintains a perpetual inventory system, costing by the

EX 6-4. Perpetual Inventory Using LIFO Obj. 2, 3 Assume that the business in Exercise 6-3 maintains a perpetual inventory system, costing by the

EX 6-4. Perpetual Inventory Using LIFO Obj. 2, 3 Assume that the business in Exercise 6-3 maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4 ANSWER

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