Harry Gryffindor incorporated Harry's Pottery on March 1, 20x7. Harry's Pottery is a merchandising company located in Hogwarts Station, MD. During his first month of operations Harry reported the following data related to his purchases for his only product In addition, Harry made one sale on March 15 when he sold 28 customized cauldrons to Rowens Ravenclaw for $50 each Purchases on March 7 Purchases on March 14 Purchases on March 21 18 units 32 units $20.00 cost $30.00 cost 28 units@ $36.00 cust Harry Gryffindor made one sale on March 15 when he sold 28 customized cauldrons to Rowena Ravenclaw for $50 each Assuming that Harry uses a perpetual inventory system, use the information provided above to calculate ending inventory on March 30 if Harry uses LIFO to assign costs to inventory.

Harry Gryffindor incorporated Harry's Pottery on March 1, 20x7. Harry's Pottery is a merchandising company located in Hogwarts Station, MD. During his first month of operations Harry reported the following data related to his purchases for his only product In addition, Harry made one sale on March 15 when he sold 28 customized cauldrons to Rowens Ravenclaw for $50 each Purchases on March 7 Purchases on March 14 Purchases on March 21 18 units 32 units $20.00 cost $30.00 cost 28 units@ $36.00 cust Harry Gryffindor made one sale on March 15 when he sold 28 customized cauldrons to Rowena Ravenclaw for $50 each Assuming that Harry uses a perpetual inventory system, use the information provided above to calculate ending inventory on March 30 if Harry uses LIFO to assign costs to inventory.

Name: JRequired informationHarry Gryffindor incorporated Harry's Pottery on
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Description: JRequired informationHarry Gryffindor incorporated Harry's Pottery on March 1, 20x7.Harry's Pottery is a merchandising company located in Hogwarts Station, MDDuring his first month of operations Harry reported the following data related to his purch

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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