Question
Vaughn Manufacturing has the following inventory data: Nov. 1 Inventory 31 units @ $6.10 each 8 Purchase 122 units @ $6.60 each 17 Purchase 61
Vaughn Manufacturing has the following inventory data:
Nov. 1 Inventory 31 units @ $6.10 each
8 Purchase 122 units @ $6.60 each
17 Purchase 61 units @ $6.45 each
25 Purchase 92 units @ $6.70 each
A physical count of merchandise inventory on November 30 reveals that there are 102 units on hand. Ending inventory (rounded) under LIFO is
|
| $681. |
|
| $658. |
|
| $1323. |
|
| $1346. |
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
5th Edition
0273651560, 978-0273651567
