Question: I need help using the FIFO and LIFO accounting formula AUGUST 1st is 75 units at $20 each Units Unit Cost Unit Sales Price Aug.

I need help using the FIFO and LIFO accounting formula

AUGUST 1st is 75 units at $20 each

Units

Unit Cost

Unit Sales Price

Aug. 3

Sale

65

$59

Aug. 8

Purchase

70

$28

Aug. 21

Sale

60

75

Aug. 30

Purchase

25

45

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