Question
A company had the following purchases and sales during its first year of operations: DATE TRANSACTION Jan 1 10 units @ $120 - Beg. Inventory
A company had the following purchases and sales during its first year of operations:
DATE TRANSACTION Jan 1 10 units @ $120 - Beg. Inventory Jan 15 6 units - Sale March 12 20 units @ $125 - Purchase April 3 5 units - Sale May 3 15 units @ $130 - Purchase May 25 9 units - Sale August 5 12 units @ $135 - Purchase September 15 8 units- Sale October 4 10 units @ $140 - Purchase November 20 13 units - Sale On December 31, there were 26 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of goods sold?
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QS 9000 Handbook A Guide To Registration And Audit
Authors: Jayanta Bandyopadhyay
1st Edition
157444011X, 978-1574440119
