Using the data in Question 4 above, the cost of the ending inventory under LIFO is: Data
Question:
Using the data in Question 4 above, the cost of the ending inventory under LIFO is:
Data from Question 4
Tinker Bell Company has the following:
If Tinker Bell has 9,000 units on hand at December 31, the cost of the ending inventory under FIFO is:
(a) $113,000.
(b) $108,000.
(c) $99,000.
(d) $100,000.
Transcribed Image Text:
Inventory, Jan. 1 Purchase, June 19 Nov. 8 Purchase, Units 8,000 13,000 5,000 Unit Cost $11 12 13
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Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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