in its forst month of operations, pharoah company made three purchas.pdf

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Pharoah Company made three purchases in its first month of operations: 380 units at $6, 480 units at $8, and 580 units at $9. With 280 units remaining at the end of the period, and using a periodic inventory system, the cost of Pharoah's ending inventory under the LIFO method must be calculated.

Educação

in its forst month of operations, pharoah company made three purchases of merchandise in the
following sequence (1) 380 unitss at $6, (2) 480 units at $8, and (3) 580 units at $9. Assuming
there are 280 units on hand at the end of the period, compute the cost pf the ending inventory
under (a) the LIFO method. Pharoah uses a periodic inventory system.

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