Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Los estados financieros del ao fiscal 2018 de Olaf, Inc. informaron la siguiente informacin (en miles). 2018 2017 Ingresos $2,054,391 $1,832,799 El costo de ventas
Los estados financieros del ao fiscal 2018 de Olaf, Inc. informaron la siguiente informacin (en miles).
2018 | 2017 | |
Ingresos | $2,054,391 | $1,832,799 |
El costo de ventas | $1,517,397 | $1,529,527 |
Inventarios, neto | 585,764 | 546,745 |
Reserva LIFO | 4,345 | 4,094 |
Si Olaf hubiera utilizado el mtodo FIFO de costeo de inventario, el COGS de 2018 habra sido:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started