Question
Units Price Beginning Inventory 200 $1.20 First Purchase 400 $1.30 Second Purchase 250 $1.40 Sales 550 $2.00 1. Assuming a LIFO cost flow, the amount
| Units | Price | |
| Beginning Inventory | 200 | $1.20 |
| First Purchase | 400 | $1.30 |
| Second Purchase | 250 | $1.40 |
| Sales | 550 | $2.00 |
1. Assuming a LIFO cost flow, the amount of ending inventory reported on the balance sheet would be
2. Assuming weighted average cost flow, the amount of ending inventory reported on the balance sheet would be
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Fundamentals Of Quality Auditing
Authors: B. Scott Parsowith
1st Edition
0873892402, 978-0873892407
