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Inventory information for Part 311 of Oriole Corp. discloses the following information for the month of June. June 1 Balance 299 units @ $16 June
Inventory information for Part 311 of Oriole Corp. discloses the following information for the month of June.
June 1 | Balance | 299 units @ $16 | June 10 | Sold | 196 units @ $38 | |||||
---|---|---|---|---|---|---|---|---|---|---|
11 | Purchased | 803 units @ $19 | 15 | Sold | 502 units @ $40 | |||||
20 | Purchased | 505 units @ $21 | 27 | Sold | 297 units @ $43 |
X Your answer is incorrect. Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFO $ 10731 X Your answer is incorrect. Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO? Gross Profit (FIFO) $
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