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The inventory records for Radford Co. reflected the following Beginning inventory @ May 1 1,600 units @ $ 4.80 First purchase @ May 7 1,700
The inventory records for Radford Co. reflected the following
| Beginning inventory @ May 1 | 1,600 | units | @ | $ | 4.80 | |
| First purchase @ May 7 | 1,700 | units | @ | $ | 5.00 | |
| second purchase @ May 17 | 1,900 | units | @ | $ | 5.10 | |
| Third purchase @ May 23 | 1,500 | units | @ | $ | 5.20 | |
| Sales @ May 31 | 5,100 | units | @ | $ | 6.70 | |
Determine the amount of cost of goods sold assuming the LIFO cost flow method.
A. 26520
B 24480
C 25500
D 25990
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Standards For The Professional Practice Of Internal Auditing Statements On Internal Auditing Standards Statement Of Responsibilities Of Internal Auditing Code Of Ethics
Authors: Inst
1st Edition
0894133462, 978-0894133466
