Question
Benes Books started 2021 with inventory of 100 books at $10 per book. During the year, Benes made 3 purchases: 4/1 500 books at $11
Benes Books started 2021 with inventory of 100 books at $10 per book. During the year, Benes made 3 purchases:
4/1 500 books at $11
8/1 600 books at $12
10/1 300 books at $13
Benes uses a periodic system. She made sales during the year
3/15 50 books sold for $15
7/15 450 books sold for $16
11/15 850 books sold for $17
What is Benes End Inventory using LIFO?
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Auditing At The Speed Of Risk With An Agile Continuous Audit Plan
Authors: Norman Marks
1st Edition
B09PMBSWSC, 979-8787044393
