by: Admin_LouisPosted on:

Calculate the cost of goods available for sale using LIFO

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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