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A company's inventory records indicate the following data for the month of January A company's inventory records indicate the following data for the month of
A company's inventory records indicate the following data for the month of January: $11, 280 Date January January January January January January 1 8 12 17 23 28 Activities Beginning inventory purchase purchase purchase Units Acquired at Cost 370 units @ $18 350 units @ $20 410 units @ $22 470 units @ $24 = $6,660 - $7,000 - $9,020 Units Sold at Retail 620 units @ $70 305 units @ $70 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?
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Financial Accounting An International Perspective
Authors: Arne Kinserdal
2nd Edition
0273631543, 978-0273631545
