The materials account of Hetzer Industries reflected the following changes during May : Assuming that Hetzer maintains perpetual inventory records,calculate the cost of the ending inventory at May 31 and the cost of the units issued in May using the LIFO method.

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The materials account of Hetzer Industries reflected the following changes during May :  Assuming that Hetzer maintains perpetual inventory records,calculate the cost of the ending inventory at May 31 and the cost of the units issued in May using the LIFO method.

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The Answer of The materials account of Hetzer Industries reflected the following changes during May :  Assuming that Hetzer maintains perpetual inventory records,calculate the cost of the ending inventory at May 31 and the cost of the units issued in May using the LIFO method.

The Materials Account of Hetzer Industries Reflected the Following Changes