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    Ending Inventory &COGS using dollar-value LIFO retail method

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    Calculate ending inventory and cost of goods sold using the dollar-value LIFO retail method. I have a Net Sales to customers of $650,000, Sales to employees (net of 30% discount) of $14,000. What do I have to do to get the actual net sales?

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    https://brainmass.com/business/inventory/ending-inventory-cogs-using-dollar-value-lifo-retail-method-372098

    Solution Summary

    The solution computes ending inventory and cost of goods sold using the dollar-value LIFO retail method.

    $2.19

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