The inventory data for an item for November are:
-Using the last-in,first-out method,what is the cost of the merchandise inventory of 30 units on November 30?
Definitions:
Bank Interest
Interest charged by banks on loans or earned on savings accounts and other investments.
Bank Reconciliation
The process of comparing and adjusting the balance shown in a company's bank statement with the balance in its own records.
Bank Reconciliation
The process of matching the balances in an entity's accounting records with the corresponding bank statement.
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