Question: Problem 6 Complete the following table using the cost flow assumptions of FIFO & LFIO respond to the? You are not missing any information Cost

 Problem 6 Complete the following table using the cost flow assumptions

Problem 6 Complete the following table using the cost flow assumptions of FIFO \& LFIO respond to the? You are not missing any information Cost of Sales Beginning Inventory Purchase 1 Purchase 2 Purchase 3 Cost of Goods Ending Inventory Cost of Sales Sales Salaries Cost of Sales Net Income For earnings Before Tax Income Tax Earnings After Tax Assumptions 50 units @\$1 25 units @\$2 50 units @\$3 25 units @\$4 35 units @\$10 FIFO ? ? ? ? ? ? ? ? $100 ? LIFO ? ? ? ? ? ? ? ? $100 ? ? $5 $5 ? ? \begin{tabular}{|l|l|} \hline & $5 \\ \hline & \\ \hline & ? \end{tabular}

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