Question: Needing a hand with the LIFO section. 1 . Based on the information given above, calculate cost of goods sold and ending inventory using the
Needing a hand with the LIFO section.
Based on the information given above, calculate cost of goods sold and ending inventory using the FIFO method.
Calculate cost of goods sold and ending inventory using the LIFO method.
Calculate cost of goods sold and ending inventory using the Weighted Average Method.
Calculate gross profit under all three methods.
Requirement : Cost of Goods Sold and Ending Inventory under FIFO
Use cells A to E from the given information above to complete this question. To calculate the number of units sold within each batch, use the MIN function.
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