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I have the following information FIFO (COGD 3300; Ending Inventory 3140) LIFO (COGS 4600; Ending Inventory 1840) Weighted Average (COGS 3990; Ending Inventory 2447) I
I have the following information
FIFO (COGD 3300; Ending Inventory 3140)
LIFO (COGS 4600; Ending Inventory 1840)
Weighted Average (COGS 3990; Ending Inventory 2447)
I am given the net income using the weighted average cost follow assumption of 13, 900
I need assistance determining what the net income of FIFO and LIFO would be and round the unit cost to 2 decimal places. I would like a solution and step by step instructions,.
Thanks
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