Date Transaction Apr. 1 Beginning inventory of Units Cost 430 $2.10 2.70 Apr.20 Purchase 420 Dunbar sold 590 units of inventory during the month. Ending Inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to t Multiple Choice $702. $546.

Date Transaction Apr. 1 Beginning inventory of Units Cost 430 $2.10 2.70 Apr.20 Purchase 420 Dunbar sold 590 units of inventory during the month. Ending Inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to t Multiple Choice $702. $546.

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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Question

17 )

Number Unit
Date
Transaction
of Units
Cost
Apr. 1 Beginning inventory
430
$2.10
Apr.20 Purchase
420
2.70
Dunbar sold 590 units of inventory during the month. Ending Inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
Multiple Choice
$702.
$546.
$1,134.
O

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