Question
Metro Computer Company had the following balances and transactions during2016: Beginning inventory 210 units at $72 10 March Sold 70 units 10 June Purchased 630
Metro Computer Company had the following balances and transactions during2016:
Beginning inventory
210 units at $72
10 March
Sold 70 units
10 June
Purchased 630 units at $80
30 October
Sold 175 units
What would thecompany's ending inventory amount be on 31 December 2016 if the perpetual lastin, firstout costing method isused?
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
