Business, 05.03.2020 14:47 carlinryan
During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021:
Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 15 $50 750
Sep. 8 Purchase 10 96 960
25 $1,710
Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO.
Answers: 1
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During 2021, a company sells 20 units of inventory. The company has the following inventory purchase...
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