Assume HPC, Inc., began December with 60 units of inventory that cost a total of $720. During

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Assume HPC, Inc., began December with 60 units of inventory that cost a total of $720. During December, HPC, Inc., purchased and sold goods as follows:image text in transcribed

HPC, Inc., uses perpetual inventory. Under the LIFO inventory method, how much is HPC’s cost of inventory on hand after the sale on December 30?

a. $645

b. $750

C. $600

d. $650

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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