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Business, 18.05.2021 18:50 iiwolfiexuni

Lily Co. uses a periodic inventory system. Its records show the following for the month of May, in which 69 units were sold. Units Unit Cost Total Cost May 1 Inventory 32 $6 $192 15 Purchases 27 9 243 24 Purchases 32 10 320 Totals 91 $755 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods.

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Lily Co. uses a periodic inventory system. Its records show the following for the month of May, in w...
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