Question

Given the following information, calculate the amount by which net income would differ between FIFO and LIFO. Assume the periodic system.
Beginning inventory ....... 3,000 units at $100 per unit
Purchases .......... 8,000 units at $130 per unit
Units sold ............ 6,000 units at $225 per unit



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  • CreatedSeptember 01, 2014
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