FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
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
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