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Assume Bargain.com began March with 16 units of inventory that cost a total of $288. During March, Bargain.com purchased and sold goods as follows: Suppose
Assume Bargain.com began March with 16 units of inventory that cost a total of $288. During March, Bargain.com purchased and sold goods as follows:
Suppose Bargain.com used the LIFO inventory costing method and the periodic inventory system. Using the information above, determine Bargain.com's cost of goods sold at the end of the month. (I guessed the answer, however I need someone to explain to me how they got the answer..Thanks)
Question Help QC6A-9 (similar to) Assume Bargain.com began March with 16 units of inventory that cost a total of $288. During March, Bargain com purchased and sold goods as folows Mar 8 Purchase 48 uns@s19 14 Sale 40 units $38 22 Purchase 32 units@ $21 Sale 48 unts $38 Suppose Bargain.com used the LIFo inventory costing method and the peiodic inventory system Using the intormation above, determine Bargain.com's cost of goods sole at the end of the month 0 Click the icon to see the Worked Solution. $1,704 5144 ? $168 o $1.728
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