Question
Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200 Purchases: Sales: Mar. 10 600 gals @
Inventory records for Herb's Chemicals revealed the following:
March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200
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Purchases: |
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Mar. 10 | 600 | gals | @ | $ | 7.25 |
| Mar. 5 | 400 | gals |
Mar. 16 | 800 | gals | @ | $ | 7.30 |
| Mar. 14 | 700 | gals |
Mar. 23 | 600 | gals | @ | $ | 7.35 |
| Mar. 20 | 500 | gals |
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| Mar. 26 | 700 | gals |
1: The ending inventory assuming FIFO is:
2: The ending inventory assuming LIFO in a perpetual inventory system would be?
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Cost Reduction Systems Target Costing And Kaizen Costing
Authors: Yasuhiro Monden
1st Edition
1563270684, 978-1563270680
