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Consider the following inventory records for Starstruck Corporation: Date Transaction Number of Units Unit Cost Nov. 1 Beginning inventory 450 $ 2.18 Nov. 17 Purchase
Consider the following inventory records for Starstruck Corporation: Date Transaction Number of Units Unit Cost Nov. 1 Beginning inventory 450 $ 2.18 Nov. 17 Purchase 330 2.63 The company sold 580 units of inventory during the month. Calculate the ending inventory assuming the company uses LIFO. (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
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Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp
1st Edition
013606048X, 9780136060482
