Question
The following information pertains to Julia & Company: March 1 Beginning inventory = 32 units @ $5.90 March 3 Purchased 19 units @ 4.20 March
The following information pertains to Julia & Company:
| March | 1 | Beginning inventory = 32 units @ $5.90 | ||
| March | 3 | Purchased 19 units @ 4.20 | ||
| March | 9 | Sold 29 units @ 8.30 |
What is the cost of goods sold for Julia & Company assuming it uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
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The Birth Of American Accountancy
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534681, 9780367534684
