Kingbird has the following inventory data Nov 1 Inventory 34 units $ 6 80 each 8 Purchase 137 units $ 7 35 each 17 Purchase 68 units $ 7 20 each 25 Purchase 103 units $ 7 50 each A physical count of merchandise inventory on November 30 reveals that there are 114 units on hand Ending inventory under...

Answer Cost of Goods Sold 1681 LIFO Goods Purchasd Cost of Goods Sold Inventory Balance ...

Kingbird has the following inventory data: Nov. 1 Inventory 34 units @ $ 6.80 each 8 Purchase

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Kingbird has the following inventory data:

Nov. 1	Inventory	34 units @ $6.80 each
8	Purchase	137 units @ $7.35 each
17	Purchase	68 units @ $7.20 each
25	Purchase	103 units @ $7.50 each

A physical count of merchandise inventory on November 30 reveals that there are 114 units on hand. Ending inventory under FIFO is

$852.$1649.$1681.$819.

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Principles of cost accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

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Posted Date: Jan 16, 2022 08:38 PM

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Kingbird has the following inventory data: Nov. 1 Inventory 34 units @ $ 6.80 each 8 Purchase

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Answer Cost of Goods Sold 1681 LIFO Goods Purchasd Cost of Goods Sold Inventory Balance ... View the full answer

Principles of cost accounting

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