Question
The following information relates to Zombie Inc Beginning inventory 166 units at $2 each Purchases 60 units at $5 each At the end of the
The following information relates to Zombie Inc
Beginning inventory 166 units at $2 each
Purchases 60 units at $5 each
At the end of the period, Zombie Inc had 26 units left in inventory. Zombie Inc. sold the remaining units for $22 each.
If Zombie Inc used the LIFO costing model, what is the cost of goods sold?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
