The following data about material (X): 1/3 Beginning balance 1000 units, $6 per unit. ...
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Accounting
The following data about material (X):
1/3 Beginning balance 1000 units, $6 per unit.
4/3 Issued 400 units for order 1.
7/3 Purchased 500 units, $5 per unit.
Required:
Prepare (store ledger account) of material, use (LIFO).
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