Question: Murfreesboro's Best Store uses a perpetual inventory system. It reported the following purchases and sales for its only product. Calculate the cost assigned to cost

following purchases and sales for its only product. Calculate the cost assigned

Murfreesboro's Best Store uses a perpetual inventory system. It reported the following purchases and sales for its only product. Calculate the cost assigned to cost of goods sold using LIFO. Units sold at Retail Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 270 units @ $12 280 units @ $14 200 units @ $22 160 units @ $15 150 units @ $23 $5.200 55,050 $4,510 $4,840 S4,360

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