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Business, 07.08.2021 01:10 Mistytrotter

The Boxwood Company sells blankets for $35 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 8 $19 10 Sale 3 17 Purchase 10 $16 20 Sale 4 23 Sale 3 30 Purchase 12 $19 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the LIFO inventory cost method.

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The Boxwood Company sells blankets for $35 each. The following was taken from the inventory records...
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