A company has 4,300 in net sales, 3,300 in gross profit , 1,400in ending inventory, and 2,100 in beginning inventory. The cost of goods sold is:-------

if shrinkage is found for 800, an adjusting entry would be made as follows:------

Goods such as milk, bread, and cheese need to be sold quickly due to potential spoilage. Therefore, they would proobably be costing using the:

1-FIFO method of inventroy costing

2- average cost method of inventory costing

3-any method as the physical flow and the cost flow are different

4- LIFO method of inventory costing