Question
Apples Inc just began business and made the following four inventory purchases in June. June 1 135 units $890 June 10 180 units 1208 June
Apples Inc just began business and made the following four inventory purchases in June.
June 1 135 units $890
June 10 180 units 1208
June 15 180 units 1232
June 28 135 units 956
A physical count of merchandise inventory on June 30 reveals that there are 180 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is:
Please provide step by step to the answer. Thank you!
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Financial Accounting A Critical Approach
Authors: John Friedlan
3rd Edition
0070967601, 978-0070967601
