FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Inventory records for Dunbar Incorporated revealed the following:
Date | Transaction | Number of Units |
Unit Cost |
|||||
Apr. | 1 | Beginning inventory | 400 | $ | 2.11 | |||
Apr. | 20 | Purchase | 380 | 2.65 | ||||
Dunbar 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.)
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