Question
Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 490 $ 2.17 Apr. 20 Purchase
Inventory records for Dunbar Incorporated revealed the following:
| Date | Transaction | Number of Units | Unit Cost | |||||
| Apr. | 1 | Beginning inventory | 490 | $ | 2.17 | |||
| Apr. | 20 | Purchase | 360 | 2.61 | ||||
Dunbar sold 650 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
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Accounting Texts And Cases
Authors: Robert Anthony, David Hawkins, Kenneth A. Merchant
12th Edition
0073100919, 978-0073100913
