Sylvia's Designs Co. had the following inventory activity during April: Unit Units Cost Beginning inventory Purchase (April 3) Sale (April 10) Purchase (April 18) Purchase (April 23) Sale (April 28) 100 $10 50 12 80 40 14 60 15 120 Assuming Sylvia's uses a perpetual LIFO cost flow assumption, ending inventory for April would be a. $ 500 b. $ 750 c. $2,560 d. $2,310

Sylvia's Designs Co. had the following inventory activity during April: Unit Units Cost Beginning inventory Purchase (April 3) Sale (April 10) Purchase (April 18) Purchase (April 23) Sale (April 28) 100 $10 50 12 80 40 14 60 15 120 Assuming Sylvia's uses a perpetual LIFO cost flow assumption, ending inventory for April would be a. $ 500 b. $ 750 c. $2,560 d. $2,310

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter6: Inventories

Section: Chapter Questions

Problem 2PB: LIFO perpetual inventory The beginning inventory for Dunne Co. and data on purchases and sales for a...

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