Question: Question 31 of 33 -12 E Current Attempt in Progress Pharoah Company has the following inventory data: July 1 7 22 Beginning inventory Purchases Purchases
Question 31 of 33 -12 E Current Attempt in Progress Pharoah Company has the following inventory data: July 1 7 22 Beginning inventory Purchases Purchases 50 units at $25 174 units at $26 25 units at $27 $1250 4524 675 $6449 A physical count of merchandise ilhentory on July 30 reveals that there are 62 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is . $4688 $4775 $4812 $4887
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
