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A corporation uses a LIFO perpetual inventory system. August 2, 29 units were purchased at $16 per unit. August 5, 14 units were purchased at
A corporation uses a LIFO perpetual inventory system.
| August 2, 29 units were purchased at $16 per unit. |
| August 5, 14 units were purchased at $17 per unit. |
| August 15, 16 units were sold at $33 per unit. |
| August 18, 19 units were purchased at $18 per unit. |
What was the amount of the ending inventory for the month of August?
| $788.00 | |
| $774.00 | |
| $782.00 | |
| $464.00 | |
| $870.00 |
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The Internal Auditing Handbook
Authors: K. H. Spencer Pickett
1st Edition
0471969117, 978-0471969112
