2/3 Purchases 900 books at #1,000 each
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each
Calculate the cost of goods available for sale using LIFO
A #801,000
B #1,100,500
C #1,160,500
D #1,175,500
Answer is D
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2/3 Purchases 900 books at #1,000 each
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each
Calculate the cost of goods available for sale using LIFO
A #801,000
B #1,100,500
C #1,160,500
D #1,175,500
Answer is D