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The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17
The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 100 units @ $4.00 300 units @ $4.40 500 units @ $4.60 100 units @ $4.80 900 units @ $7.80 Third purchase @ May 23 Sales @May 31 What is the amount of cost of goods sold assuming the LIFO cost flow method?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
12th edition
131495380, 978-0131495388
