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Queen Hospital began operating a new department on April 1. This department purchased and issued...

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Accounting

Queen Hospital began operating a new department on April 1. This department purchased and issued a single supply item as follows: units unit cost April 1 purchased 500 $5 5 issued 300 10 purchased 200 $6 15 purchased 300 $7 25 issued 400

Compute the supply expense for this department during April if the department uses Perpetual LIFO costing.

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