Question
Inventory records for Herb's Chemicals revealed the following March 1, 2021, Inventory: 1,700 gallons @ $8.60 per gallon = $14,620 Purchases: Isales: Mar. 10 740
Inventory records for Herb's Chemicals revealed the following March 1, 2021, Inventory: 1,700 gallons @ $8.60 per gallon = $14,620 Purchases: Isales: Mar. 10 740 gals @ $8.65 Mar. 5 540 gals Mar. 16 940 gals @ $8.70 Mar. 14 840 gals Mar. 23 740 gals @ $8.75 Mar. 20 640 gals Mar. 26 840 gals Ending Inventory assuming LIFO In a periodic Inventory system would be: Multiple Choice O $10,836. O $10,851. O $10.959. $10.999
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Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp
1st Edition
013606048X, 9780136060482
