Question
Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.34 Purchases. September 8. 450.
Shellhammer Company's inventory records show the following data for the month of September:
Units Unit Cost
Inventory, September 1 100 $3.34
Purchases. September 8. 450. 3.50
September 18 350 3.70
A physical inventory on September 30 shows 200 units on hand. Calculate the value of if the company uses LIFO inventory costing and a periodic inventory system
ending inventory :
cost of goods sold:
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Managerial Accounting
Authors: Morse Hartgraves
8th Edition
1618532359, 9781618532350
