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A company just starting business made the following four inventory purchases in June: June 1 120 units $430 June 10 250 units 585 June
A company just starting business made the following four inventory purchases in June: June 1 120 units $430 June 10 250 units 585 June 15 250 units 620 June 28 100 units 500 $2135 A physical count of merchandise inventory on June 30 reveals that there are 160 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $524. $599. $1536. $1611.
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0132893534, 9780133389401, 132893533, 133389405, 978-0133392883
