Question
The inventory data for an item for November are: Nov. 1 Inventory 25 units at $20 10 Purchased 30 units at $21 30 Purchased 10
The inventory data for an item for November are:
| Nov. 1 | Inventory | 25 units at $20 |
| 10 | Purchased | 30 units at $21 |
| 30 | Purchased | 10 units at $22 |
|
| Sold | 35 units |
Using the last-in, first-out method, what is the cost of the merchandise inventory of 30 units on November 30?
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| b. |
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| c. |
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| d. |
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786634, 1119786630
