Question
Inventory records for Dunbar Incorporated revealed the following: Number Unit Date Transaction Apr. 1 Beginning inventory Apr.20 Purchase of Units Cost 460 400 $2.19
Inventory records for Dunbar Incorporated revealed the following: Number Unit Date Transaction Apr. 1 Beginning inventory Apr.20 Purchase of Units Cost 460 400 $2.19 2.64 Dunbar sold 570 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 $1,056 $1,007 $766 $635
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
1st Canadian Edition
978-0132490252, 132490250, 978-0176223311
