Question: Solve using: Last in, First Out (LIFO) Required: 1. Total Cost of the Ending Inventory 2. Total Cost of Goods Sold 3. Gross Profit PROBLEM

Solve using: Last in, First Out (LIFO)

Required:

1. Total Cost of the Ending Inventory

2. Total Cost of Goods Sold

3. Gross Profit

Solve using: Last in, First Out (LIFO) Required: 1. Total Cost of

PROBLEM II - Bravo Company provided the following data for purchases and sales for the month: Purchases Sales Units Unit cost Cost Units Revenue 1 5,000 50 P 250,000 4,000 P 280,000 2 9,000 60 540,000 7,000 630,000 3 15,000 75 1,125,000 12,000 1,200,000

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