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Compute the inventory at may 30 using lifo

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Question

Adams Bruce Company record of transactions for the month of May was follows. Purchases.

May 1 balance on hand 6..0@$6. May 4. [email protected] .

May 8. [email protected]. May 13. [email protected]. May 21. 700@ 6.6. May 29 . [email protected]. Sales. May 3 ...0@10.

April 9. 1..0@10. May 11. 6..0@11. May 23. 1200@11 . May 27. 900@12

1. The periodic inventory records are kept in units only compute the inventory at may 30 using LIFO and average cost.?

2 .The perpetual inventory records are kept in dollars find the inventory using 1 FIFO and 2 LIFO?

Reference no: EM132386432

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