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ending inventory

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A company just starting the business made the following four inventory purchases in June: (a) June 1st, 150 units for a total cost of $750 ; (b) June 10th, 200 units for a total cost of $1.200 ; (c) June 15th, 200 units for a total cost of $1.260 ; (d) June 28th, 150 units for a total cost of $990. A physical count on inventory on June 30th reveals that there are 300 units on hand. Using the LIFO method, the value of the ending inventory on June 30th is...

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By Truthsayer
18th Jan 2021 17:50

We aren't here to do your homework. If you can't manage these questions by yourself, you have no hope of passing your exams.

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By bernard michael
19th Jan 2021 09:41

Try a US forum- they understand dollars

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By lionofludesch
19th Jan 2021 11:10

As soon as I saw "Inventory", I thought , "hello, foreign people".

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Replying to lionofludesch:
By Wilson Philips
19th Jan 2021 11:36

As soon as I saw "Inventory", I thought , "go away, foreign people"

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Replying to lionofludesch:
By Tax Dragon
19th Jan 2021 11:39

Also "ending". First time I read this, thought there must be some new tool that did away with inventory. Instead, we have someone that has presumably been kicked off (maybe for being a tool... same basic question [I assume] multiple times - and not because of accidental clicks - is a bit toolsheddy).

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Red Leader
By Red Leader
19th Jan 2021 13:25

I thought it was a query about the final stock figure for a VAT de-reg.

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