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.)   Multiple Choice   $422.   $844.   $1,007.   $530.

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Q: 90) Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1…

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A:

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Q: i need the answer quickly

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Q: Inventory records for Dunbar Incorporated revealed the following: Transaction Date Apr. 1 Beginning…

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.