Accounting Quiz Week 4.pdf - 160 Award 1.00 point Salmone...

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160.Award: 1.00 point161.Award: 1.00 pointSalmone Company reported the following purchases and sales of its only product. Salmone uses a perpetualinventory system. Determinethe cost assigned to ending inventory using LIFO. References Multiple Choice Difficulty: 2 Medium Learning Objective: 06-P1 Compute inventory in a perpetual system using the methods of specific identification, FIFO, LIFO, and weighted average. Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetualinventory system. Determinethe cost assigned to cost of goods sold using LIFO. References

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