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MCE Incorporated uses the LIFO method to calculate ending inventory. Assuming 200 units are not ...

yojoe102

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MCE Incorporated uses the LIFO method to calculate ending inventory. Assuming 200 units are not ...

MCE Incorporated uses the LIFO method to calculate ending inventory. Assuming 200 units are not sold, the cost of goods sold is:

January 1 Inventory	150 units at $15	$2,250
March 3 Purchase	300 units at $12	$3,600
July 1 Purchase	250 units at $14	$3,500
November 10 Purchase	400 units at $10	$4,000

▸

$10,500

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$7,500

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$11,350

▸

$8,500

▸

None of the answer choices are correct.

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 64 times

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Juke72

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More solutions for this book are available here

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Thanks

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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Just got PERFECT on my quiz

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