The Boxwood Company sells blankets for $33 each. The following was taken from the inventory records during May. The comp

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The Boxwood Company sells blankets for $33 each. The following was taken from the inventory records during May. The comp

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The Boxwood Company Sells Blankets For 33 Each The Following Was Taken From The Inventory Records During May The Comp 1
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The Boxwood Company Sells Blankets For 33 Each The Following Was Taken From The Inventory Records During May The Comp 2
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The Boxwood Company sells blankets for $33 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 10 17 20 23 Purchase Sale 30 Purchase Sale Sale 8 5 12 6 3 $19 Purchase 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. Oa. $216 Ob. $95 Oc. 390 Od. 545 12 $15 $18

The Boxwood Company sells blankets for $40 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Date Blankets Cost $14 May 3 10 17 Purchase Sale Purchase 20 Sale 23 Sale Units 10 4 11 7 2 $16 30 Purchase Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO inventory cost method. Oa. $100 Ob. 1168 Oc. 1196 Od. $110 12 $24
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