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Bonitas has the following inventory data: Nov. 1 Inventory 26 units @ $5.30 each 8 Purchase 106 units @ $5.70 each 17 Purchase 53 units
Bonitas has the following inventory data:
| Nov. 1 | Inventory | 26 units @ $5.30 each | ||
| 8 | Purchase | 106 units @ $5.70 each | ||
| 17 | Purchase | 53 units @ $5.55 each | ||
| 25 | Purchase | 79 units @ $5.80 each |
A physical count of merchandise inventory on November 30 reveals that there are 88 units on hand. Cost of goods sold under LIFO is
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2001 Miller Local Government Audits
Authors: Rhett D. Harrell
1st Edition
015607219X, 978-0156072199
