Question: I need help finding ending inventory using LIFO on 2b! Atkinson Company's beginning inventory on January 1, 2008 consisted of 2,100 units costing $1.50 per

I need help finding ending inventory using LIFO on 2b!
I need help finding ending inventory using LIFO on 2b! Atkinson Company's

Atkinson Company's beginning inventory on January 1, 2008 consisted of 2,100 units costing $1.50 per unit. Purchases during the year were as follows: Unit s or sale = A physical count at year end indicated that there were 5.000 units on hand. All sales during the years were made at a selling price of $6 per unit. Required: a. Assuming the use of the first-in. first-out inventory costing method, determine gross profit: (4) costofEI=9,600+4,500+[(50005,2001,500)$46,150sales=11,314,850=9,600+4,500+150(6)GP=67,80021650=14,850=46,150

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