FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Atlas Company uses the perpetual inventory costing system. The company has provided the following data for the current period:
Units
Total
Date
Transaction
1-Nov Beginning balance
4-Nov Purchases
6-Nov Purchases
7-Nov Sales
Calculate the goods available for sale for the period given per LIFO
40.00 $20.00
70.00 $22.00
40.00 $24.00
100.00
$60.00
$ 800.00
$1,540.00
$ 960.00
$6,000.00
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