Use the format in exhibit 9-1 to compute the ending lifo, Ask an Expert

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Use the format in Exhibit 9-1 to compute the ending LIFO inventory and cost of goods sold assuming: $600,000 in sales Beginning inventory 1125 units @ $175 Purchases of 890 units @ $150 450 units @ $165 200 units @ $140 Ending inventory 845 units What is the dollar value of the ending inventory. What is the cost of goods sold?What is cost of goods sold percentage of sales?

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Financial Management, Finance

Category:- Financial Management
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