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Inventory data for Lily Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 300 $5 $1,500 12 Purchase
Inventory data for Lily Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 300 $5 $1,500 12 Purchase 700 6 4,200 23 Purchase 330 7 2,310 30 Inventory 160 Assume a sale of 780 units occurred on June 15 for a selling price of $9 and a sale of 390 units on June 27 for $9.
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
