Question: Question 63 --/ View Policies Current Attempt in Progress Blue Spruce Corp. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases

 Question 63 --/ View Policies Current Attempt in Progress Blue Spruce

Question 63 --/ View Policies Current Attempt in Progress Blue Spruce Corp. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases 46 units at $23 $1058 162 units at $24 3888 23 units at $26 598 $5544 A physical count of merchandise inventory on July 30 reveals that there are 58 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is O $4106. $4198 O $4036. O $3932. Save for Later Attempts: 0 of 1 used Submit

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