Question
Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr.1 Beginning inventory420$2.18 Apr.20Purchase3702.62 Dunbar sold 580 units of inventory
Inventory records for Dunbar Incorporated revealed the following:
Date Transaction Number of Units Unit
Cost Apr.1 Beginning inventory420$2.18
Apr.20Purchase3702.62
Dunbar sold 580 units of inventory during the month. Ending inventory assuming LIFO would be:(Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
Multiple Choice
- A: $969.
- B: $458.
- C: $916.
- D $550.
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Financial Accounting
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
5th edition
1259914895, 978-1259914898
