Question: Check my work Brief Exercise 8-8 (Algo) LIFO method [LO8-4) Esquire Ine uses the LIFO method to report its inventory Inventory at January 1, 2021
Check my work Brief Exercise 8-8 (Algo) LIFO method [LO8-4) Esquire Ine uses the LIFO method to report its inventory Inventory at January 1, 2021 was 600.000 (30,000 units at $20 each During 2021. 100.000 units were purchased, all at the same price of $24 per unit 110.000 units were sold during 2021 Calculate the December 31, 2021, ending inventory and cost of goods sold for 2021 based on a periodic inventory system. Cost of Goods Available for Sale COGS Periodic LIFO Ending Inventory - Periodic LIFO Cost of units per Cost of Goods Available of units sold per Cost of Goods Sold of units in ending inventory per Ending Inventory Next >
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