queentaryn13
queentaryn13
25.11.2021 • 
Business

On January 1, Smith Company has 500 units costing $500 in beginning inventory. On January 2, Smith purchases an additional 200 units for $1.25 per unit, and sells 300 units. On January 3, the company purchases 400 additional units for $1.50 per unit. On January 4, Smith sells 200 additional units. If Smith utilizes a perpetual LIFO system, per unit cost of goods sold associated with the January 4 sale will be:

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