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Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 460 $2.18 Apr. 20 Purchase 320
Inventory records for Dunbar Incorporated revealed the following:
Date | Transaction | Number of Units | Unit Cost |
Apr. 1 | Beginning inventory | 460 | $2.18 |
Apr. 20 | Purchase | 320 | 2.70 |
Dunbar sold 580 units of inventory during the month. Ending inventory assuming LIFO would be
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