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.
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.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 62E
Related questions
Question
16 )
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7fd7329d-e896-447e-b451-0b926dd0015f%2F8a7f70eb-cf57-4f49-8496-67dd18cc0a70%2F3447fmq_processed.png&w=3840&q=75)
Transcribed Image Text: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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