Question: Show your still using the th HJ Inc. made the following four inventory purchases in June: Per Unit Cost Total Cost June 1 250 units
Show your still using the th HJ Inc. made the following four inventory purchases in June: Per Unit Cost Total Cost June 1 250 units $5.00 June 10 200 units $6.00 June 15 500 units $7.00 June 28 100 units $8.00 1,050 units $1,250 1,200 3,500 800 $6,750 A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Therefore, the company sold 800 units during the reporting period. 111 Using the LIFO method, the dollar amount to push out of inventory to Cost of Goods Sold expense for the 800 units sold on June 30 is:
A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Therefore, the company sold 800 units during the reporting period. Using the LIFO method the dollar amount to push out of inventory to Cost of Goods Sold expense for the 900 units sold on June 30 is
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