Finance Merchandise - Valuation of Inventory by ClassOf1

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									              Sub: Finance                                                                                   Topic: Merchandise

              Question:
              Valuation of Inventory with LIFO perpetual inventory method.

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              1. A company purchased $1,800 of merchandise on December 5. On December 7, it returned
              $200 worth of merchandise. On December 8, it pa
								
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