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in its forst month of operations, pharoah company made three purchas.pdf

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Pharoah Company made three purchases in its first month of operations: 380 units at $6, 480 units at $8, and 580 units at $9. With 280 units remaining at the end of the period, and using a periodic inventory system, the cost of Pharoah's ending inventory under the LIFO method must be calculated.

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in its forst month of operations, pharoah company made three purchases of merchandise in the following sequence (1) 380 unitss at $6, (2) 480 units at $8, and (3) 580 units at $9. Assuming there are 280 units on hand at the end of the period, compute the cost pf the ending inventory under (a) the LIFO method. Pharoah uses a periodic inventory system.

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