FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Inventory records for Dunbar Incorporated revealed the following:
Number
Unit
Date
Transaction
of Units
Cost
Apr. 1 Beginning inventory
450
$2.19
Apr. 20 Purchase
350
2.65
Dunbar sold 640 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermedia
calculations. Round your answer to the nearest dollar amount.)
Multiple Choice
$424.
$350.
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Transcribed Image Text:Inventory records for Dunbar Incorporated revealed the following: Number Unit Date Transaction of Units Cost Apr. 1 Beginning inventory 450 $2.19 Apr. 20 Purchase 350 2.65 Dunbar sold 640 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermedia calculations. Round your answer to the nearest dollar amount.) Multiple Choice $424. $350. < Prev 17 of 60 Next > g88 FA II F8 4) FI F6 F2 F5 F7 F9 F10- @ # 2$ & 2 3 4 6 7 8 W E T Y U S D F G H K C V В N M
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