Question
Transactions for the month of June were: Purchases Sales June 1 (balance) 3120 @ $3.10 June 2 2330 @ $5.30 3 8820 @ 3.00 6
Transactions for the month of June were: Purchases Sales June 1 (balance) 3120 @ $3.10 June 2 2330 @ $5.30 3 8820 @ 3.00 6 6370 @ 5.30 7 4860 @ 3.20 9 4010 @ 5.30 15 7300 @ 3.30 10 1530 @ 5.00 22 2010 @ 3.40 18 5620 @ 5.00 25 800 @ 5.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is $18186. $17417. $15902. $15702.
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ACC 120 Wake Tech Financial Accounting W Connect Plus Access
Authors: J. David Spiceland
1st Edition
1308168926, 978-1308168920
