Question: Determine the ending inventory value for PepsiCo, Inc. using the LIFO method. Item Units Cost per Unit ($) Beginning Inventory 100 10 Purchases: - First
Determine the ending inventory value for PepsiCo, Inc. using the LIFO method.
Item | Units | Cost per Unit ($) |
Beginning Inventory | 100 | 10 |
Purchases: | ||
- First Purchase | 200 | 11 |
- Second Purchase | 300 | 14 |
Units Sold | 450 |
Question:
Using the given data, calculate the ending inventory value for PepsiCo, Inc. using the LIFO method. Show your calculations and explain the impact of using the LIFO method on the cost of goods sold and net income.
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