Question
A wholesaler uses the last-in first-out (LIFO) method of pricing inventory issues at each month end. The following details, relating to Product Z, are provided
A wholesaler uses the last-in first-out (LIFO) method of pricing inventory issues at each month end. The following details, relating to Product Z, are provided for a month:
Opening balance 860 units at a total cost of 1,892
Purchases 750 units at a total cost of 1,800
Sales 933 units
What is the cost of sales of Product Z in the month?
A 2,06720
B 2,11436
C 2,13952
D 2,20260
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Essentials Of Marketing
Authors: David Brown, Alex Thompson
1st Edition
0367773422, 9780367773427
