Question

Using the information from RE8-10, calculate Carla Company’s cost of goods sold for January and its January 31 inventory using the LIFO method.
In RE8-10, Carla Company uses the perpetual inventory system. The following information is available for January of the current year, when Carla Company sold 1,600 units of inventory on January 14.


Using the FIFO method, calculate Carla Company’s cost of goods sold for January and its January 31inventory.


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  • CreatedDecember 09, 2013
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