Lasso Inc. uses the FIFO inventory method to value month-end inventory and applies a Perpetual...
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Lasso Inc. uses the FIFO inventory method to value month-end inventory and applies a Perpetual inventory system. Date Item Units Unit Cost July 2 Beg. Bal. 70 $19 July 8 Purchase 100 $20 July 19 Purchase 300 $21 July 31 E.I. 80 A big order of 390 units was shipped to a customer sold on July 23. What is Lasso's Ending Inventory recognized at the end of July? $7.950 $ 390 $1,530 $1,680
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