Question: Exercise 9 - 1 5 ( Algo ) Retall inventory method; LIFO [ LUY - 3 ] Crosby Company owns a chain of hardware stores
Exercise Algo Retall inventory method; LIFO LUY
Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available:
Required:
Complete the ta Assessment Tool iFrame te the LIFO cost of ending inventory and cost of goods sold using the information provided.
Assume stable retail prices during the period.
Note: Round ratio calculation to decimal places ie should be entered as Enter amounts to be deducted with a minus sign.
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