Question: table [ [ Date , Activities,Units Acquired at cost , Units Sold at Retail ] , [ August 1 , Beginning inventory, 1 6
tableDateActivities,Units Acquired at costUnits Sold at RetailAugust Beginning inventory, units e $$August Purchase, units e $$August Sale,, units soldAugust Purchase, units e $$August Sale,, units sold
Use the above information to calculate ending inventory using LIFO for a company that uses a perpetual inventory system.
tableDateGoods purchased,Cost of Goods Sold,Inventory BalancetableNumber ofunitstableCost perunittableNumberof unitssoldtableCost perunittableCost of GoodsSoldtableNumber ofunitsCost per unit,Inventory BalanceAugust August tableTotal August August August August Total August August Total August
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