Texas Petrochemical reported the following April activity for Its VC-30 lubricant, which had a balance of...
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Texas Petrochemical reported the following April activity for Its VC-30 lubricant, which had a balance of 395 qts. @ $4.30 per quart on April 1. Purchases: Sales: 595 qts @ $4.40 495 qts @ $4.50 495 qts @ $4.55 Apr. 3 Apr. 12 Apr. 26 Apr. 10 390 qts Apr. 14 Apr. 20 595 qts 395 qts The ending Inventory assuming LIFO and a perlodic Inventory system is: (Round your final answer to two decimal places.) Multiple Cholce $2.710.50. $2.640.50. $2.705.50. $2600.50. Texas Petrochemical reported the following April activity for Its VC-30 lubricant, which had a balance of 395 qts. @ $4.30 per quart on April 1. Purchases: Sales: 595 qts @ $4.40 495 qts @ $4.50 495 qts @ $4.55 Apr. 3 Apr. 12 Apr. 26 Apr. 10 390 qts Apr. 14 Apr. 20 595 qts 395 qts The ending Inventory assuming LIFO and a perlodic Inventory system is: (Round your final answer to two decimal places.) Multiple Cholce $2.710.50. $2.640.50. $2.705.50. $2600.50.
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Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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