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Davis Co. had the following inventory activity during April: Units Unit Cost 100 $8 Beginning inventory Purchase (April 3) 60 112 12 Sale (April
Davis Co. had the following inventory activity during April: Units Unit Cost 100 $8 Beginning inventory Purchase (April 3) 60 112 12 Sale (April 10) 80 Purchase (April 18) 50 50 15 Purchase (April 23) 80 18 Sale (April 28) 100 Assuming Davis uses a periodic LIFO cost flow assumption, ending inventory at April 30 would be
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Financial Accounting
Authors: David Spiceland
6th Edition
1260786528, 9781260786521
