Question: Exercise 2. Perpetual inventory record Electronic Equipment and Much More had computer inventory. Using the LIFO method and the perpetual inventory system, the company posted

Exercise 2. Perpetual inventory record Electronic Equipment and Much More had computer inventory. Using the LIFO method and the perpetual inventory system, the company posted the initial inventory, purchases, and sales. Determines the cost of merchandise sold and the value of the inventory date detail quantity Unit cost May 1 Initial inventory 12 $125 6 sale 6 8 purchase 11 110 13 sale 4 30 sale 2

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