Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. multiple choice question 66 vaughn manufacturing j

Multiple Choice Question 66 Vaughn Manufacturing just began business and made the following four inventory...

50.1K

Verified Solution

Question

Accounting

Multiple Choice Question 66

Vaughn Manufacturing just began business and made the following four inventory purchases in June:

June 1 160 units $1040 June 10 210 units 1533 June 15 210 units 1659 June 28 160 units 1328 $5560

A physical count of merchandise inventory on June 30 reveals that there are 220 units on hand. Using the LIFO inventory method, the value of the ending inventory (rounded to whole dollar) on June 30 is

$1826.

$1802.

$1430.

$1478.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Electrical Engineering
1.2K views

Convert CC53 (hexidecimal) to the octal equivalent

Finance
1.2K views

International Business Opportunities With a rationalization of why you would go to Germany to do business, evaluate...

Accounting
1.2K views

Green Mountain Coffee Roasters is a specialty coffee roaster and manufacturer of coffee makers. Using the...

Biology
1.2K views

The following is a list of desirable traits in a healthcare worker. Pick three and...

Physics
1.2K views

What is the approximate cost of operating a 40 W light bulb for 3 0...

Geometry
1.2K views

2 When a fair coin is flipped twice find each of the following probabilities a...

Basic Math
1.2K views

A college student realized that he was spending too much money on video games. For...

Algebra
1.2K views

23 Find Se of the sum of the geometric series a 8748 a6 36 r...

Algebra
1.2K views

Consider the basis S V V Val for R where v 1 2 1 v...

Accounting
1.2K views

The following were selected from among the transactions completed by Caldemeyer Co. during the current...

Accounting
1.2K views

Kameron Gibsons bank statement showed a balance of $869.05. Kamerons checkbook had a balance of...

Accounting
1.2K views

Analysis and Interpretation of Profitability Balance sheets and income statements for Best Buy Co., Inc....