Luek Company completed 60,000 units during the year at a cost of $900,000. The beginning finished goods

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Luek Company completed 60,000 units during the year at a cost of $900,000. The beginning finished goods inventory was 10,000 units at $140,000. Determine the cost of goods sold for 45,000 units, assuming a FIFO cost flow.

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Sep 05, 2011 08:17 AM

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Luek Company completed 60,000 units during the year at a cost of $900,000. The beginning finished goods

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