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Inventory records for Larson's Chemicals revealed the following: June 1, 2021, inventory: 1,550 gallons @ $8.3 per gallon = $12,865 Purchases: Jun. 8 710
Inventory records for Larson's Chemicals revealed the following: June 1, 2021, inventory: 1,550 gallons @ $8.3 per gallon = $12,865 Purchases: Jun. 8 710 gals $8.35 Sales: Jun. 6 510 gals Jun. 14 910 gals @ $8.40 Jun. 12 810 gals Jun. 21 710 gals @ $8.45 Jun. 18 610 gals Jun. 24 810 gals. Ending inventory assuming LIFO in a perpetual inventory system would be: Multiple Choice $9,562. $9,502. $9,482. < Prev 12 of 32 www www Next
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Principles Of Accounting
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
978-0077300456, 0077300459
