What is the amount allocated to ending inventory for july, Accounting Basics

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What is the amount allocated to ending inventory for july

Radical Radials Company has the following inventory data:
July 1 Beginning inventory 20 units at $19= $ 380
7 Purchases 70 units at $20= 1,400
22 Purchases 10 units at $22= 220

A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the LIFO inventory method, what is the amount allocated to ending inventory for July ?

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Accounting Basics: What is the amount allocated to ending inventory for july

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Accounting Basics: What is the amount allocated to ending inventory for july

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Recent Questions Asked Accounting Basics

Q : What will be the diluted eps

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Q : General environment of organizations

Q : What is the amount allocated to ending inventory for july

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Accounting Basics: What is the amount allocated to ending inventory for july

Reference No:- TGS057743

Recent Questions Asked Accounting Basics

Q : What will be the diluted eps

Q : Is it included in adjusted cash

Q : Strategic benefits of outsourcing

Q : General environment of organizations

Q : What is the amount allocated to ending inventory for july

Q : What is the depreciation expense for 2012

Q : Changes in the external environment

Q : How many extra shares being recognized in the diluted eps

Q : Its a beautiful thing, the destruction of words

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