12. Records for Maxine's Beauty Supply show this opening balance and these units received for nail polish in December. At the end of the month, 12 bottles were on hand. a) the average cost per unit b) the value of the inventory using the average cost method. Date Units Received Unit Cost Total Cost Dec. 3 43 $1.49 Dec. 10 267 1.43 Dec. 20 200 1.44 TOTAL

12. Records for Maxine's Beauty Supply show this opening balance and these units received for nail polish in December. At the end of the month, 12 bottles were on hand. a) the average cost per unit b) the value of the inventory using the average cost method. Date Units Received Unit Cost Total Cost Dec. 3 43 $1.49 Dec. 10 267 1.43 Dec. 20 200 1.44 TOTAL

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Description: 12. Records for Maxine's Beauty Supply show this opening balance and these units received fornail polish in December. At the end of the month, 12 bottles were on hand.a) the average cost per unitb) the value of the inventory using the average cost m

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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2.
Ending Inventory and Cost of goods sold using LIFO?
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