Question
Tamarisk, Inc. has the following inventory data: July 1 Beginning inventory 42 units at $21 $882 July 7 Purchases 146 units at $22 $3212 July
Tamarisk, Inc. has the following inventory data:
- July 1 Beginning inventory 42 units at $21 $882
- July 7 Purchases 146 units at $22 $3212
- July 22 Purchases 21 units at $23 $483
$4577
========
A physical count of merchandise inventory on July 30 reveals that there are 52 units on hand. Using the FIFO inventory method, the amount allocated to the cost of goods sold for July is?
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Labor and Employment Law Text and Cases
Authors: David Twomey
15th edition
1133188281, 978-1133711841, 1133711847, 978-1285247632, 978-1133188285
