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Oriole Company was formed on December 1, 2019. The following information is available from Oriole's inventory record for Product Units Unit Cost $21 2.200 ho
Oriole Company was formed on December 1, 2019. The following information is available from Oriole's inventory record for Product Units Unit Cost $21 2.200 ho January 1, 2020 (beginning inventory) Purchases January 5, 2020 January 25, 2020 February 16, 2020 March 15, 2020 2.700 2.400 1.300 2.600 $23 $24 $25 $26 A physical inventory on March 31, 2020 shows 3,000 units on hand. (b) Prepare schedules to compute the ending inventory at March 31, 2020, under LIFO method. Oriole Company COMPUTATION OF INVENTORY FOR PRODUCTX UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost Beginning inventory January 5, 2020 (portion March 31, 2020 inventory Save for Attempts: 0 of 1 used Submit
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