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Assume Last-in-First-out method. What is the cost of 25 units on April 31? April 1 Inventory 20 items @$50 each April 5 Sold 15 items
Assume Last-in-First-out method.
What is the cost of 25 units on April 31?
| April 1 | Inventory | 20 items @$50 each |
| April 5 | Sold | 15 items |
| April 10 | New purchase | 30 items @$55 each |
| April 20 | Sold | 30 items |
| April 29 | New purchase | 20 units @$60 each |
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Financial Investigation And Forensic Accounting
Authors: George A Manning
3rd Edition
0367864347, 9780367864347
