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ZYR Co. uses a perpetual inventory system and had the following inventory transactions for the month of June. June 1 On hand, 250 units
ZYR Co. uses a perpetual inventory system and had the following inventory transactions for the month of June. June 1 On hand, 250 units at $7.00 each June 4 Purchased 300 units at $9.00 each June 5 Sold 400 units June 10 Purchased 75 units at $10.75 each June 24 Sold 50 units If the company uses the LIFO inventory costing method, what is the dollar amount of ending inventory?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
