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A company just starting business made the following four inventory purchases in June. Number of units Date purchased Total cost June 1 320 units $560
A company just starting business made the following four inventory purchases in June. Number of units Date purchased Total cost June 1 320 units $560 June 10 370 units 755 June 15 370 units 800 June 28 320 units 680 $2795 A physical count of merchandise inventory on June 30 reveals that there are 420 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $1899. $896. $1513. $764
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Financial Statement Analysis And Business Valuation Case Studies Using Excel
Authors: Dr Alessio Faccia
1st Edition
979-8863186412
