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SOLVED: Carrington Corp. uses a periodic system and the LIFO method. Carrington had beginning inventory of 30 units purchased at 120 each and made the following purchases during the year: Jan. 15: 34 units at110 May 30: 61 units at 84 Oct. 20: 160 units at60 Sales during the year totaled 271 units. What is the cost of ending inventory
SOLVED: Carrington Corp. uses a periodic system and the LIFO met…
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