Cost of ending inventory b. Calculate the cost of goods sold using the LIFO (en Cost of goods sold

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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BbThread: Persuasive Essay-20225 X
C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fblackboard.muskegoncc.edu%252F
internation buss Gmail YouTube Maps MY MCC
Inventory and Overload Homework (Ch. 18) i
4
10
points
eBook
3
Print
References
749
Sunny
X
Mc
Graw
Mill
BS
Refreshers
Given the following:
January 1 inventory
April 1
June 1
November 1
Cost of ending inventory
Number
purchased
cra
Question 4 - Inventory and Over X
52
72
62
67
253
E
Cost
per unit
$4
7
8
9
Total
$
a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 73 units).
+
208
504
496
603
$ 1,811
b. Calculate the cost of goods sold using the LIFO (ending inventory shows 73 units).
Cost of goods sold
O
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Transcribed Image Text:Home BbThread: Persuasive Essay-20225 X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fblackboard.muskegoncc.edu%252F internation buss Gmail YouTube Maps MY MCC Inventory and Overload Homework (Ch. 18) i 4 10 points eBook 3 Print References 749 Sunny X Mc Graw Mill BS Refreshers Given the following: January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased cra Question 4 - Inventory and Over X 52 72 62 67 253 E Cost per unit $4 7 8 9 Total $ a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 73 units). + 208 504 496 603 $ 1,811 b. Calculate the cost of goods sold using the LIFO (ending inventory shows 73 units). Cost of goods sold O < Prev 4 of 12 Saved Next S >
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