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Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 315 qts. $2.70 per quart on April 1.
Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 315 qts. $2.70 per quart on April 1. Purchases: Apr. 10 Apr. 14 Apr. 20 Sales: 515 qts @ $2.80 415 qts @ $2.90 415 qts $2.95 Apr. 3 230 qts Apr. 12 515 qts Apr. 26 315 qts The ending inventory assuming LIFO and a periodic inventory system is: (Round your final answer to two decimal places.) Multiple Choice $1,758.50. $1,688.50. $1,753.50. O $1,648.50.
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
