compute the ending in inventory at may 31 and cost of goods sold using the FIFO and
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Question:
compute the ending in inventory at may 31 and cost of goods sold using the FIFO and LIFO method . prove the amount allocated to cost of goods sold under each method.
June 1 inventory 200 $5 $1000
12 purchased 300 6 1,800
23 purchased 500 7 3,500
30 purchased 120
Expert Answer:
To compute the ending inventory and cost of goods sold using the FIFO and LIFO methods we need to fo... View the full answer
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