Inventory records for Capetown, Incorporated revealed the following:  Date Transaction Number of Units Unit Cost April 1 Beginning Inventory 410 $ 2.13 April 20 Purchase 410 2.68   Capetown sold 580 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   $511.   $643.   $1,099.   $873.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Inventory records for Capetown, Incorporated revealed the following:
 

Date Transaction Number of Units Unit Cost
April 1 Beginning Inventory 410 $ 2.13
April 20 Purchase 410 2.68
 

Capetown sold 580 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
  •  
    $511.
  •  
    $643.
  •  
    $1,099.
  •  
    $873.
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