Question
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 12 units at $150 6 units February: 22
A company had the following purchases and sales during its first year of operations:
Purchases Sales
January: 12 units at $150 6 units
February: 22 units at $155 5 units
May: 17 units at $160 9 units
September: 14 units at $165 8 units
November: 12 units at $170 15 units
On December 31, there were 34 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
$4773.
$5310.
$4528.
$4114.
$7280.
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The Politics Of Public Management The HRDC Audit Of Grants And Contributions
Authors: David A. Good
2nd Edition
0802085873, 978-0802085870
