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Myanmar Company had the following transactions: April 1, Beginning Inventory: 20 units @ $205 each = $4,100 April 10, Purchase: 10 units @ $227 each
Myanmar Company had the following transactions: April 1, Beginning Inventory: 20 units @ $205 each = $4,100 April 10, Purchase: 10 units @ $227 each = $2,270 April 20, Purchase: 10 units @ $221 each = $2,210 April 25, Sales of inventory 40 units @ $600 What is value of the company's ending inventory using LIFO? Select one: A. $-0- B. $2,625 C. $1,825 D. $4,450
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Cost Accounting Theory And Practice
Authors: R. Palaniappan, N. Hariharan
1st Edition
9380578342, 978-9380578347
