What is the value of the ending inventory
An end of the month (1/31/14) inventory showed that 160 units were on hand. If the company uses LIFO, what is the value of the ending inventory?
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The following information was available for Pete Company at December 31, 2014: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $984,000; and sales $1,350,000. Pete's inventory turnover ratio in 2014 was?
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There are two methods used to account for lump sum sales: the proportional method and the incremental method. Please discuss each one. Which method is better? Why?
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