Eneri Company's inventory records show the following data:
Units Unit Cost
Inventory, January 110,000 $9.20
Purchases:June 189,000 8.00
November 86,000 7.00
A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. Under the LIFO method, cost of goods sold is
a. $28,000.
b. $169,200.
c. $173,040.
d. $178,000.
Answers: 1
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Eneri Company's inventory records show the following data:
Units Unit Cost
Inventory, January...
Inventory, January...
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