Question
Bend Ski and Board Shop sell snowboards. They made the following purchases of the Supermodel X Free-Rider Board from Burton Co. during the year: 20
Bend Ski and Board Shop sell snowboards. They made the following purchases of the Supermodel X Free-Rider Board from Burton Co. during the year:
20 at $115 in Sept
40 at $120 in Oct;
20 at $125 in Nov
By the end of the year, 64 snowboards were sold.
The LIFO Ending Inventory valuation is:
| a. $ 1,840 | ||
| b.$ 1,920 | ||
| c. $ 2,000 |
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Auditing
Authors: Allan Millichamp, John Taylor
9th Edition
1844809404, 978-1844809400
