After you have completed the requirements of P6.2A, consider these additional questions. Answers are on the other
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After you have completed the requirements of P6.2A, consider these additional questions. | |||||
Answers are on the other tab in this file. | |||||
1. | Assume that the number of units sold increased to 12,000. What is the impact on ending inventory and cost of goods sold if the | ||||
FIFO method is used? | |||||
2. | Assume that the number of units sold increased to 12,000. What is the impact on ending inventory and cost of goods sold if the | ||||
The LIFO method is used? | |||||
3. | Assume that the number of units sold increased to 12,000. What is the impact on ending inventory and cost of goods sold if the | ||||
the average cost method is used? |
Related Book For
Discrete Mathematics and Its Applications
ISBN: 978-0073383095
7th edition
Authors: Kenneth H. Rosen
Posted Date: