Beginning inventory, purchases, and sales for Item 88-HX are as follows: 82 units $18 66 units 15 Purchase 91 units @ $22 27 Sale 76 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Mar. 27 and (b) the inventory on Mar 32 X Mar. 1 8: Inventory Sale a. Cost of goods sold on Mar. 27 b. Inventory on Mar. 311 X

Beginning inventory, purchases, and sales for Item 88-HX are as follows: 82 units $18 66 units 15 Purchase 91 units @ $22 27 Sale 76 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Mar. 27 and (b) the inventory on Mar 32 X Mar. 1 8: Inventory Sale a. Cost of goods sold on Mar. 27 b. Inventory on Mar. 311 X

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Description: Please do not give solution in image format thanku Perpetual Inventory Using LIFOBeginning inventory, purchases, and sales for Item 88-HX are as follows:82 units@ $1866 units1591 units $2227 Sale76 unitsAssuming a perpetual inventory system and using

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Inventories

Section: Chapter Questions

Problem 6.3BE: Perpetual inventory using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as...

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