=+ (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) average cost methods. July 1 Inventory
Question:
=+
(a) first-in, first-out (FIFO);
(b) last-in, first-out (LIFO); and
(c) average cost methods.
July 1 Inventory 100 units at $8 8 Sale 90 units 15 Purchase 125 units at $12 25 Sale 60 units
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