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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200 Purchases: Sales: Mar. 10 600gals
Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200 Purchases: Sales: Mar. 10 600gals @ $7.25 Mar. 5 400 gals Mar. 16 800gals @ $7.30 Mar. 14 700 gals Mar. 23 600gals @ $7.35 Mar. 20 500 gals Mar. 26 700 gals Ending inventory assuming LIFO in a periodic inventory system would be: $5,040 $5,055 $5,075 $5,135
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Cima Official Exam Practice Kit Fundamentals Of Management Accounting Cima Certificate In Business Accounting
Authors: Walter Allan
3rd Edition
1856177785, 978-1856177788
