Left Images Printing uses perpetual LIFO in valuing its inventory. The March 1 inventory was 36 units at $6 each. Purchases and sales during March were as follows:
?
Purchases
?
Sales
Mar. 10
20 units @ $8 per unit
Mar. 5
15 units
17
24 units @ $10 per unit
15
26 units
The cost of the ending inventory was
A. $424
B. $312
C. $330
D. $286
Answer: C
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Answer the following statement true (T) or false (F)
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Answer the following statement true (T) or false (F)
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