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Use the following data of MakrelMakrelSales, Inc.: Unit Total Units Units Cost Cost Sold Beginning inventory 25 $6 $150 Purchase on Apr 25 33 8
Use the following data of MakrelMakrelSales, Inc.:
| Unit | Total | Units | ||
| Units | Cost | Cost | Sold | |
| Beginning inventory | 25 | $6 | $150 | |
| Purchase on Apr 25 | 33 | 8 | 264 | |
| Purchase on Nov 16 | 17 | 9 | 153 | |
| Sales | 45 | ? | ? |
MakrelMakrelSales' LIFO cost of ending inventory would be
A. $ 257 B. $ 227 C. $ 405 D. $ 190
Please show work, thank you.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
