Virginia Corporation began the month of August with 65 units, each costing $4. On August 2,...
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Virginia Corporation began the month of August with 65 units, each costing $4. On August 2, it purchased 23 units for $5 each. On August 14, it purchased 12 units for $7 each. On August 24, the company sold 67 units for $17 each. Assuming Virginia uses LIFO, determine its ending inventory. ...Ending Inventory...$139. Virginia Corporation began the month of August with 65 units, each costing $4. On August 2, it purchased 23 units for $5 each. On August 14, it purchased 12 units for $7 each. On August 24, the company sold 67 units for $17 each. Assuming Virginia uses FIFO, determine its ending inventory. Ending Inventory $189 I Virginia Corporation began the month of August with 65 units, each costing $4. On August 2, it purchased 23 units for $5 each. On August 14, it purchased 12 units for $7 each. On August 24, the company sold 67 units for $17 each. Assuming Virginia uses LIFO, determine its ending inventory. ...Ending Inventory...$139. Virginia Corporation began the month of August with 65 units, each costing $4. On August 2, it purchased 23 units for $5 each. On August 14, it purchased 12 units for $7 each. On August 24, the company sold 67 units for $17 each. Assuming Virginia uses FIFO, determine its ending inventory. Ending Inventory $189 I
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