Lionworks Enterprises had the following inventory dа ta:
Date Quantity Unit Cost
July 1 Beginning Inventory 5, $52
July 4 Purchase 10 $55
July 7 Sale 12 July 11
Purchase 9 $58
July 14 Sale 8
Assuming LIFO and perpetual inventory, what is the cost of goods sold for the July 7 sale?
a. $654
b.$645
c.$660
d.$648
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Lionworks Enterprises had the following inventory dа ta: Date Quantity Unit Cost July 1 Beginning Inventory 5, $52 July 4 Purchase 10 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Corny and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per dozen is $4.75, variable costs are $2.00 per dozen, and total fixed costs are $1100.00.
Answers (1)
Tunney Industries can issue perpetual preferred stock at a price of $47.50 a share. The stock would pay a constant annual dividend of $3.80 a share. What is the company's cost of preferred stock Rp?
Answers (1)
List the four components that define a small group
Answers (1)
What attorney represents you if are not offered a job because you're pregnant
Answers (1)
Sales $100,000 Variable Costs $60,000 Contribution Margin $40,000 Fixed Costs $30,000 Operating Income $10,000 The above financial information was the result of selling 9,101 units. What would their new operating income be if they sold 10,588 units?
Answers (1)
New Questions in Business
E. why is it important for the cfo and his/her staff to analyze variances of budget to actual or forecasted to actual amounts, and investigate reasons for significant variances on a timely basis
Answers (1)
Memorial Stadium has worked with the same advertising company for 10 years. According to the company's data the stadium has spent approximately $2.5 million on advertising over that period for 100 events.
Answers (1)
Campbell Candy Corporation desires a 14% return on investment (ROI) on all operations. The following information was available for the company for the current year: Sales $ 14,000 Operating income $ 4,000 Turnover 0.
Answers (1)
N a mixed market economy, which of these would most likely be considered a basic function of government? a. to promote monopolies reactivate b. to regulate who can purchase services reactivate c. to ensure the financial stability of all citizens d.
Answers (1)
Pro forma financial statements are the most comprehensive means of financial forecasting. projections of financial statements for a future period. often required by prospective creditors. All of the options are true
Answers (1)