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A Company Made the Following Merchandise Purchases and Sales During

Question 122

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A company made the following merchandise purchases and sales during the month of May:
There was no beginning inventory. If the company uses the LIFO periodic inventory method, what would be the cost of the ending inventory?
A company made the following merchandise purchases and sales during the month of May: There was no beginning inventory. If the company uses the LIFO periodic inventory method, what would be the cost of the ending inventory?

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