Question
Number Cost per purchased January 1 inventory 51 unit $ 3 Total $ 153 April 1 71 6 426 June 1 61 7 427
Number Cost per purchased January 1 inventory 51 unit $ 3 Total $ 153 April 1 71 6 426 June 1 61 7 427 November 1 66 8 528 249 $ 1,534 a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 72 units). Cost of ending inventory b. Calculate the cost of goods sold using the LIFO (ending inventory shows 72 units). Cost of goods sold
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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