Question
2. Beginning inventory, purchases, and sales data for portable DVD players are as follows: June 1 Inventory 75 units at $40 6 Sale 60 units
2. Beginning inventory, purchases, and sales data for portable DVD players are as follows:
June 1 Inventory 75 units at $40
6 Sale 60 units
14 Purchase 90 units at $42
19 Sale 50 units
25 Sale 20 units
30 Purchase 80 units at $45
What is the COGS and ending inventory if they use LIFO:
Date Purchases COGS Inventory Balance
Total COGS___________________
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Auditors Guide To Information Systems Auditing
Authors: Richard E. Cascarino
1st Edition
0470009896, 978-0470009895
