Question
During 2024, a company sells 370 units of inventory for $90 each. The company has the following inventory purchase transactions for 2024: Date Transaction Number
During 2024, a company sells 370 units of inventory for $90 each. The company has the following inventory purchase transactions for 2024:
| Date | Transaction | Number of Units | Unit Cost | Total Cost |
|---|---|---|---|---|
| January 1 | Beginning inventory | 68 | $66 | $4,488 |
| May 5 | Purchase | 166 | 68 | 11,288 |
| November 3 | Purchase | 184 | 71 | 13,064 |
| 418 | $28,840 |
Calculate ending inventory and cost of goods sold for 2024 assuming the company uses LIFO.
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Rethinking Audit Cultures ACritical Look At Evidence Based Practice In Psychotherapy And Beyond
Authors: Lucy King
1st Edition
1906254311, 978-1906254315
