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Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using both FIFO and LIFO inventory costing method. FIFO: LIFO: Dec.
Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using both FIFO and LIFO inventory costing method.
FIFO:
LIFO:
Dec. 1 Beginning merchandise inventory 13 units S 9 each 6 units S 22 each 16 units S 14 each 15 units $ 22 each 8 Sale 14 Purchase 21 SaleStep by Step Solution
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