Shown below is activity for one of the products of Made in Kansas City Shop January...
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Shown below is activity for one of the products of Made in Kansas City Shop January 1 balance, 570 units @ $se $28, 560 Purchases: January 18: January 20: Sales: January 12: January 28: 570 units @ $60 1,060 units @ $61 1,000 units 770 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming shop uses LIFO periodic inventory system. Shown below is activity for one of the products of Made in Kansas City Shop January 1 balance, 570 units @ $se $28, 560 Purchases: January 18: January 20: Sales: January 12: January 28: 570 units @ $60 1,060 units @ $61 1,000 units 770 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming shop uses LIFO periodic inventory system.
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1 jan balance 570 units 500 28500 purchases jan 10 570 units 60 ... View the full answer
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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