A company purchased 100 units for $20 each on January 31. It purchased 100 units
for $30 on...

Question

A company purchased 100 units for $20 each on January 31. It purchased 100 units 
for $30 on February 28. It sold 150 units for $45 each from March 1 through 
December 31. If the company uses the Last-In, First-Out inventory costing 
method, what is the amount of ending inventory on December 31

Robert · Accepted Answer

Question 
A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on 
February 28. It sold 150 units for $45 each from March 1 through December 31. If the 
company uses the Last-In, First-Out inventory costing method,

A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31. If the company uses the...

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