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Concord Corporation just began business and made the following four inventory purchases in June: June 1 120 units $830 June 10 160 units 1250 June
Concord Corporation just began business and made the following four inventory purchases in June:
| June 1 | 120 units | $830 | ||
| June 10 | 160 units | 1250 | ||
| June 15 | 160 units | 1340 | ||
| June 28 | 120 units | 1060 | ||
| $4480 |
A physical count of merchandise inventory on June 30 reveals that there are 170 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is?
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Audit Of The Financial Stability Oversight Councils Designation Of Financial Market Utilities Report To The Financial Stability Oversight Council And The Congress
Authors: The Council Of Inspectors General On Financial Oversight
1st Edition
