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Is this Correct? Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory. $ Westcoast Purveyors had 327 computer system
Is this Correct?
Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory. $Westcoast Purveyors had 327 computer system in stock at the end Of the year. Inventory records show the following information: January 1 June 21 August I October 23 Beginning Inventory Purchase Purchase Purchase Qty 50 200 100 700 Cost Total Cost $1,398 1,122 1,146 434 November 16 Purchase Total available for sale $69,900 56,100 268,200 229,200 143,400 $766,800 Using the LIFO method Of inventory pricing, calculate the dollar value Of the ending inventory.
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