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Eyrie Inc. had the following purchases and sales over the year. Date Units Unit Cost Total Cost Jan 1 Beg. Inventory 3,000 $9 $27,000 Mar
Eyrie Inc. had the following purchases and sales over the year. Date Units Unit Cost Total Cost Jan 1 Beg. Inventory 3,000 $9 $27,000 Mar 17 Purchase 400 $5 $2,000 Jun 8 Sale 1,600 Sep 15 Sale 800 Dec 12 Purchase 600 $11 $6,600 Calculate Cost of Goods Sold under LIFO Periodic inventory method
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter
8th Edition
1285880447, 978-1285880440
