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Amber, Ltd., uses the LIFO retail inventory method. Certain information is reported below. What is the cost of ending inventory? Cost Retail Beginning inventory $
- Amber, Ltd., uses the LIFO retail inventory method. Certain information is reported below. What is the cost of ending inventory?
| Cost | Retail | |
| Beginning inventory | $ 300 | $ 500 |
| Net markups | 600 | |
| Sales | 4,200 | |
| Net markdowns | 400 | |
| Purchases | 3,150 | 4,300 |
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Audit Renaissance
Authors: Vakils
1st Edition
8184621639, 978-8184621631
