Question
Inventory records for Dunbar Incorporated revealed the following: Date /Transaction/ Number of Units /Unit Cost Apr. 1 /Beginning inventory /490 /$ 2.12 Apr. 20/ Purchase
Inventory records for Dunbar Incorporated revealed the following:
Date /Transaction/ Number of Units /Unit Cost
Apr. 1 /Beginning inventory /490 /$ 2.12
Apr. 20/ Purchase /410 /2.66
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.)
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A One Year Accounting Course
Authors: Trevor Gambling
21st Edition
0080130275, 9780080130279
