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12 Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200 Purchases: Mar. 10 Sales:
12 Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200 Purchases: Mar. 10 Sales: 600gals @ $7.25 Mar. 5 400 gals Mar. 16 Mar. 23 800gals @ $7.30 600gals @ $7.35 Mar. 14 700 gals Mar. 20 500 gals A Mar. 26 700 gals Ending inventory assuming LIFO in a periodic inventory system would be: $5,040 $5,055 $5,075 $5,135
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Schaums Outline Of Theory And Problems Of Managerial Accounting
Authors: Jae K. Shim, Joel G. Siegel
0070573050, 978-0070573055
