Question
Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,050 gallons @ $7.3 per gallon = $7,665 Purchases: Sales: Mar. 10 610
Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,050 gallons @ $7.3 per gallon = $7,665
Purchases: Sales:
Mar. 10 610 gals @ $ 7.35 Mar. 5 410 gals
Mar. 16 810 gals @ $ 7.40 Mar. 14 710 gals
Mar. 23 610 gals @ $ 7.45 Mar. 20 510 gals
Mar. 26 710 gals
Ending inventory assuming LIFO in a perpetual inventory system would be:
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Auditing Your Human Resources Department A Step By Step Guide
Authors: John H. McConnell
1st Edition
0814474675, 978-0814474679
