Question
Kam Company has the following units and costs: Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8 5,000
Kam Company has the following units and costs:
| Units | Unit Cost | |||
|---|---|---|---|---|
| Inventory, Jan. 1 | 8,000 | $11 | ||
| Purchase, June 19 | 13,000 | 12 | ||
| Purchase, Nov. 8 | 5,000 | 13 |
If 9,000 units are on hand at December 31, what is the cost of the ending inventory under LIFO using a periodic inventory system?
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The Cybersecurity Body Of Knowledge The ACM IEEE AIS IFIP Recommendations For A Complete Curriculum In Cybersecurity Internal Audit And IT Audit
Authors: Daniel Shoemaker, Anne Kohnke, Ken Sigler
1st Edition
1032400218, 978-1032400211
