D Question 5 1 pts Below is the same data presented in Question 3. Date # of Units Unit Cost Jan. 2nd Beginning Inv. 60 $10 Jan. 5th Purchase 90 $11
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D
Question 5
1 pts
Below is the same data presented in Question 3.
Date
# of Units
Unit Cost
Jan. 2nd
Beginning Inv. 60
$10
Jan. 5th
Purchase
90
$11
Jan. 10th
Sell Inventory 130
Assuming your company uses LIFO (Last in First out):
What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $
do
not include decimals)
What is ending inventory in units?
What is the value of ending inventory? $

Top Answer

Cost of goods sold = $1,390 Ending... View the full answer

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