Shamrock Company uses LIFO and recorded the following information related to its Inventory for the month of July:

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Units Price Beginning Balance 7/1 700 4.25 Purchase 7/6 600 4.35 Purchase 7/18 850 4.45 Purchase 7/31 ? 4.50 Units Price Beginning Balance 7/1 700 4.25 Purchase 7/6 600 4.35 Purchase 7/18 850 4.45 Purchase 7/31 ? 4.50

Answer rating: 100% (QA)

To solve this problem we need to calculate the ending inventory and cost of goods sold for the month ... View the full answer