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B&B maintains its mechanical pencil inventory using the perpetual inventory method. The inventory records for November follow: Beginning inventory 40 units @ $12.10 each November
B&B maintains its mechanical pencil inventory using the perpetual inventory method. The inventory records for November follow: Beginning inventory 40 units @ $12.10 each November 13 purchase 60 units @ $11.60 each November 26 sale 75 units @ $18 each Using the LIFO inventory-costing method, how much will B&B report as ending inventory at November 30? A. $252.50 B. $302.50 C. $787.50 D. $592.50
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Cost And Management Accounting An Introduction
Authors: Colin Drury
7th Edition
1408032139, 978-1408032138
