Vaughn Company uses a periodic inventory system. For April, when the company sold 540 units, the following information is availab Units Unit Cost Total Cost April 1 inventory 220 $25 $5,500 April 15 purchase 380 30 11,400 April 23 purchase 400 33 33 13,200 1,000 $30,100 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory $

Vaughn Company uses a periodic inventory system. For April, when the company sold 540 units, the following information is availab Units Unit Cost Total Cost April 1 inventory 220 $25 $5,500 April 15 purchase 380 30 11,400 April 23 purchase 400 33 33 13,200 1,000 $30,100 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory $

Name: Vaughn Company uses a periodic inventory system. For April, when the
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Description: Vaughn Company uses a periodic inventory system. For April, when the company sold 540 units, the following information is available.UnitsUnit CostTotal CostApril 1 inventory220$25$5,500April 15 purchase3803011,400April 23 purchase400333313,2001,000$

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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