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The following lots of Commodity Z were available for sale during the year. Beginning inventory 8 units at $50 First purc
Posted: Wed Mar 09, 2022 8:12 am
by answerhappygod
- The Following Lots Of Commodity Z Were Available For Sale During The Year Beginning Inventory 8 Units At 50 First Purc 1 (29.21 KiB) Viewed 68 times
The following lots of Commodity Z were available for sale during the year. Beginning inventory 8 units at $50 First purchase 19 units at $55 Second purchase 53 units at $56 Third purchase 19 units at $64 The firm uses the periodic system, and there are 25 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? Oa. $5,629 Ob. $1,552 Oc. $1,335 Od. $1,250