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Benson Company's beginning inventory consisted of 150 units that cost $200 each. Two inventory purchases were made. Purchase 1 for 500 units @ $210 each
Benson Company's beginning inventory consisted of 150 units that cost $200 each. Two inventory purchases were made. Purchase 1 for 500 units @ $210 each and Purchase 2 for 350 units @ $220 each. If Benson uses LIFO and sold a total of 700 units, ending inventory equals Blank______. Multiple choice question. $212,000 $63,600 $61,500 $66,000
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The Financial Numbers Game
Authors: Charles W Mulford, Eugene E Comiskey
1st Edition
0471770736, 9780471770732
