I I Purchased M Beginning Inventory 1st Purchase 2nd Purchase 3rd Purchase Beginning Inventory and...

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I I Purchased ■ M Beginning Inventory 1st Purchase 2nd Purchase 3rd Purchase Beginning Inventory and Purchases Units on Hand Units Sold Units Unit Cost Units Available For Sale 400 100 $50 100 $52 100 $60 100 $64 -- H 160 240 Ending Inventory TH .. m H I I- I m I F H Gr 4 L 1 ■ ■ II Cost of Units on Hand $ I Cost of Goods Sold $ r I I FI H Total Cost P $5,000 $5,200 $6,000 $6,400 L $22,600 Using the LIFO method and the information in this table, what is the Cost of Units on Hand and Cost of Goods Sold during this period? 2 ILL. I- S ITYS TI I 24 TE=T ===S TREES 22 E I W I I Purchased ■ M Beginning Inventory 1st Purchase 2nd Purchase 3rd Purchase Beginning Inventory and Purchases Units on Hand Units Sold Units Unit Cost Units Available For Sale 400 100 $50 100 $52 100 $60 100 $64 -- H 160 240 Ending Inventory TH .. m H I I- I m I F H Gr 4 L 1 ■ ■ II Cost of Units on Hand $ I Cost of Goods Sold $ r I I FI H Total Cost P $5,000 $5,200 $6,000 $6,400 L $22,600 Using the LIFO method and the information in this table, what is the Cost of Units on Hand and Cost of Goods Sold during this period? 2 ILL. I- S ITYS TI I 24 TE=T ===S TREES 22 E I W I I Purchased ■ M Beginning Inventory 1st Purchase 2nd Purchase 3rd Purchase Beginning Inventory and Purchases Units on Hand Units Sold Units Unit Cost Units Available For Sale 400 100 $50 100 $52 100 $60 100 $64 -- H 160 240 Ending Inventory TH .. m H I I- I m I F H Gr 4 L 1 ■ ■ II Cost of Units on Hand $ I Cost of Goods Sold $ r I I FI H Total Cost P $5,000 $5,200 $6,000 $6,400 L $22,600 Using the LIFO method and the information in this table, what is the Cost of Units on Hand and Cost of Goods Sold during this period? 2 ILL. I- S ITYS TI I 24 TE=T ===S TREES 22 E I W I I Purchased ■ M Beginning Inventory 1st Purchase 2nd Purchase 3rd Purchase Beginning Inventory and Purchases Units on Hand Units Sold Units Unit Cost Units Available For Sale 400 100 $50 100 $52 100 $60 100 $64 -- H 160 240 Ending Inventory TH .. m H I I- I m I F H Gr 4 L 1 ■ ■ II Cost of Units on Hand $ I Cost of Goods Sold $ r I I FI H Total Cost P $5,000 $5,200 $6,000 $6,400 L $22,600 Using the LIFO method and the information in this table, what is the Cost of Units on Hand and Cost of Goods Sold during this period? 2 ILL. I- S ITYS TI I 24 TE=T ===S TREES 22 E I W

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To calculate the Cost of Units on Hand and Cost of Goods Sold COGS using the Last In First Out LIFO ... View the full answer