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Loach Corp. had the following inventory data: Date July 1 Beginning inventory July 4 Purchase July 7 Sale July 11 July 14 Purchase Sale
Loach Corp. had the following inventory data: Date July 1 Beginning inventory July 4 Purchase July 7 Sale July 11 July 14 Purchase Sale Quantity Unit Cost 6 $51 10 $63 12 9 $59 8 Assuming FIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar) A. $204 OB. $66 OC. $208 OD. $236
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas
10th edition
133796833, 133427536, 9780133796834, 978-0133427530
