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Assume one unit is sold on October 31 for $15 . Determine Cost of Merchandise Sold, Gross
Profit, and Ending Inventory under the LIFO method.

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Assume one unit is sold on October 31 for $15- Determine Cost of Merch.docx

  • 1. Assume one unit is sold on October 31 for $15 . Determine Cost of Merchandise Sold, Gross Profit, and Ending Inventory under the LIFO method.