Purchases 8 0 0 0 widgets at $ 1 each Sold 2 0 0 0 widgets for

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Question:

Purchases

8000

widgets at $

1

each

Sold

2000

widgets for $

5

each

Purchased $

1000

widgets at $

1.25

each

Ending Inventory

= 8000 2000 + 1000 = 7000 .

Calculate perpetual LIFO. Show math please.

Related Book For answer-question

Managerial Accounting

ISBN: 978-0133428377

4th edition

Authors: Karen W. Braun, Wendy M. Tietz

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Posted Date: Apr 09, 2024 03:09 AM

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Purchases 8 0 0 0 widgets at $ 1 each Sold 2 0 0 0 widgets for

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Managerial Accounting

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