Sunny's Tanning Beds Inc. uses the periodic inventory system and has provided the following information: Date Transaction Number of Units Cost Per Unit 1/1 Beginning Inventory 410 $205 4/2 Purchase 130 $215 9/15 Purchase 50 $220 During the year, Sunny sold 520 Tanning Beds.What was the ending inventory using the LIFO cost flow assumption? $69,700 $11,000 $14,350 $15,400

Sunny's Tanning Beds Inc. uses the periodic inventory system and has provided the following information: Date Transaction Number of Units Cost Per Unit 1/1 Beginning Inventory 410 $205 4/2 Purchase 130 $215 9/15 Purchase 50 $220 During the year, Sunny sold 520 Tanning Beds.What was the ending inventory using the LIFO cost flow assumption? $69,700 $11,000 $14,350 $15,400

Name: 15) Sunny's Tanning Beds Inc. usesthe periodic inventory system andhas
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Description: 15) Sunny's Tanning Beds Inc. usesthe periodic inventory system andhas provided the followinginformation:Date Transaction Number of UnitsCost Per Unit1/1 Beginning Inventory 410 $2054/2 Purchase 130 $2159/15 Purchase 50 $220During the year, Sunny sol

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 3E: Basga Company uses the periodic inventory system. Beginning inventory amounted to 241,072. A...

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