Question
Thelen's inventory records show the following data at January 31: Beginning inventory Jan. 1 80 units at $ 8 per unit Jan. 10 purchase 270
Thelen's inventory records show the following data at January 31:
Beginning inventory Jan. 1 80 units at $ 8 per unit
Jan. 10 purchase 270 units at $ 13 per unit Jan. 22 purchase 90 units at $ 14 per unit At January 31, 180 units are still on hand.
What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method?
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Mastering Auditing Essentials A Comprehensive Guide To Learn Auditing Essentials
Authors: Cybellium Ltd, Kris Hermans
1st Edition
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