Ask Question
7 September, 20:25

Inventory records for Dunbar Incorporated revealed the following:

Date Transaction Number

of Units Unit

Cost

Apr. 1 Beginning inventory 530 $2.37

Apr. 20 Purchase 310 2.50

Dunbar sold 640 units of inventory during the month. Cost of goods sold assuming LIFO would be

+3
Answers (1)
  1. 7 September, 20:44
    0
    Cost of goods sold assuming LIFO would be $474

    Explanation:

    Date Q U. cost Cost Sold Inventory Cost

    april 1 530 2,37 1256,1 330 200 474

    apri 20 310 2,5 775 310 0 0

    640
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 530 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers