Question
January 1 balance, 600 units @ $50 $30,000 Purchases: January 10: 600 units @ $55 January 20: 1,200 units @ $58 Sales: January 12: 900
January 1 balance, 600 units @ $50 $30,000
Purchases:
January 10: 600 units @ $55
January 20: 1,200 units @ $58
Sales:
January 12: 900 units
January 28: 800 unit
required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system. please include the details
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Bookkeeping And Accounting For Beginners
Authors: Warren Piper Ruell
1st Edition
1654626090, 978-1654626099
