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 periodic LIFO cost flow assumption, ending inventory for April would be a. $2,560 b. $ 750 c. $2,310 d. $ 500
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 periodic LIFO cost flow assumption, ending inventory for April would be a. $2,560 b. $ 750 c. $2,310 d. $ 500
Chapter10: Inventory
Section: Chapter Questions
Problem 2PB: DeForest Company had the following transactions for the month. Calculate the ending inventory dollar...
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