Question
Acer Hardware had inventory on September 2 of 6 units at a cost of $23 each. On September 3, they purchased 11 units at $18
Acer Hardware had inventory on September 2 of 6 units at a cost of $23 each. On September 3, they purchased 11 units at $18 each. On September 8 they purchased 7 units at $31 each. On September 10, 9 units were sold for $64 each. Using the LIFO perpetual inventory method, what was the cost of the sale on September 10?
| $253 | ||
| $300 | ||
| $192 | ||
| $361 |
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
