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Perpetual LIFO. A Record of Transactions for the Month of May Was

Question 5

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Perpetual LIFO.
A record of transactions for the month of May was as follows: Perpetual LIFO. A record of transactions for the month of May was as follows: Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO. Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO.

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