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Determine the dollar values following the month of may

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Reference no: EM132203724

Alpha company used the perpetual inventory system and had the following inventory & sales activity for the month of May 2016.

Date Activity Quantity Unit Price

5/1 Beginning Inventory 150 $10

5/5 Purchase 200 $12

5/10 Sales 300 $20

5/15 Purchase 200 $14

5/20 Sales 230 $25

5/25 Purchase 150 $16

Using the LIFO method, determine the dollar values following the month of May

Reference no: EM132203724

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