Question
RJ Corporation has provided the following information about one of its inventory items: DateTransactionNumber of UnitsCost per Unit1/1Beginning Inventory530$2,150 Purchase880$4,100 Purchase1,300$5,500 Purchase950$5,450 During the year,
RJ Corporation has provided the following information about one of its inventory items:
DateTransactionNumber of
UnitsCost per Unit1/1Beginning Inventory530$2,150
Purchase880$4,100
Purchase1,300$5,500
Purchase950$5,450
During the year, RJ sold 3,340 units.
What was ending inventory using the LIFO cost flow assumption?
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
