Lisa Bedrock has the following data: Inventory, Jan 1 (Beg Inv) 6,000 $ 5 Purchase April...
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Lisa Bedrock has the following data: Inventory, Jan 1 (Beg Inv) 6,000 $ 5 Purchase April 2 12,000 $8 Purchase Aug. 28 10,000 $10 1. If Lisa Bedrock has sold 22,000 units by December 31, the cost of cost of goods sold under the LIFO Method is? O a. $60,000 O b. $30.000 O c. $48,000 O d. $0 Lisa Bedrock has the following data: Inventory, Jan 1 (Beg Inv) 6,000 $ 5 Purchase April 2 12,000 $8 Purchase Aug. 28 10,000 $10 1. If Lisa Bedrock has sold 22,000 units by December 31, the cost of cost of goods sold under the LIFO Method is? O a. $60,000 O b. $30.000 O c. $48,000 O d. $0
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Answer 60000 Explanation Cost of Goods Available Date Explanation units Unit cost To... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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