Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of

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Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June.

Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO?

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: Sep 11, 2016 11:46 AM

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Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of

Question:

June 1Balance 296 units @ $13 796 units@ $16 503 units $17 June 10 Sold 195 units @ $32 497 units @$33 299 units $36 Purchased 15 Sold4 20 Purchacxd 27 Sold The ending inventory at LIFO

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Intermediate Accounting principles and analysis

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