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Kingbird has the following inventory data: Nov. 1 Inventory 34 units @ $ 6.80 each 8 Purchase 137 units @ $ 7.35 each 17 Purchase
Kingbird has the following inventory data:
| Nov. 1 | Inventory | 34 units @ $6.80 each | ||
| 8 | Purchase | 137 units @ $7.35 each | ||
| 17 | Purchase | 68 units @ $7.20 each | ||
| 25 | Purchase | 103 units @ $7.50 each |
A physical count of merchandise inventory on November 30 reveals that there are 114 units on hand. Ending inventory under FIFO is
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Answer Cost of Goods Sold 1681 LIFO Goods Purchasd Cost of Goods Sold Inventory Balance ...
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
