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A company's inventory records indicate the following data for the month of July.Â
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July 1 beginning            380 units @ $15 each
July 5 purchased           270 units @ $17 each
July 10 sold                400 units @ $50 each
July 20 purchased          300 units @ $22 each
July 25 sold                400 units @ $50 each
REQUIRED : COMPLETE THE FOLLOWING LEDGERS USING THE FICO AND LIFO INVENTORY VALUATION METHODS.
* ONE FIFO TABLE , ONE LIFO TABLE ( keep separate) .
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â----------- -----------Tha-----------nk -----------you----------- fo-----------r y-----------our----------- in-----------ter-----------est----------- an-----------d b-----------uyi-----------ng -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------. P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll -----------be -----------qui-----------ckl-----------y