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Item 6 3.5 points Item 6 The following information pertains to Julia & Company: March 1 Beginning inventory = 34 units @ $5.40 March 3
Item6 3.5points
Item6
The following information pertains to Julia & Company:
March 1 Beginning inventory = 34 units @ $5.40 March 3 Purchased 15 units @ 3.70 March 9 Sold 26 units @ 8.40
The following information pertains to Julia & Company:
March 1 Beginning inventory = 34 units @ $5.40 March 3 Purchased 15 units @ 3.70 March 9 Sold 26 units @ 8.40
What is the cost of goods sold for Julia & Company assuming it uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice - $115.
- $140.
- $96.
- $112.
Item6
3.5points
Item6
The following information pertains to Julia & Company:
| March | 1 | Beginning inventory = 34 units @ $5.40 | ||
| March | 3 | Purchased 15 units @ 3.70 | ||
| March | 9 | Sold 26 units @ 8.40 |
The following information pertains to Julia & Company:
| March | 1 | Beginning inventory = 34 units @ $5.40 | ||
| March | 3 | Purchased 15 units @ 3.70 | ||
| March | 9 | Sold 26 units @ 8.40 |
Multiple Choice
- $115.
- $140.
- $96.
- $112.
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