Answered

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Dart Supply has the following transactions.
1/3 - Inventory purchases of 14 units for $560,000
1/5 - Sales of 6 units for $240,000
1/7 - Purchases of 16 units for $736,000.

How much is the end inventory under LIFO?
A. $1,056,000
B. $1,020,000
C. $460,000
D. $1,186,000

Sagot :

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