Business, 17.04.2020 20:54 jjackson0010
Huntington Corporation began business on June 1 and made the following four inventory purchases in June:
June 1 150 units 780
June 10 200 units 1,170
June 15 200 units 1,260
June 28 150 units 990
$4,200
A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.
Using the periodic LIFO inventory method, the value of the ending inventory on June 30 is .
a) $1,305.00 b) $1,040.00 c) $1,320.00 d) $1,072.50
Answers: 1
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Huntington Corporation began business on June 1 and made the following four inventory purchases in J...
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