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Merrifield LLC uses a periodic inventory system and has a beginning inventory on September 1st of 325 units of Product A at a cost
Merrifield LLC uses a periodic inventory system and has a beginning inventory on September 1st of 325 units of Product A at a cost of $8 per unit. During September, the following purchases were made 800 units were sold. PURCHASES MADE DURING THE MONTH: September 5 200 units at $8 10 350 units at $9 18 250 units at $11 25 285 units at $12 Compute September 30 cost of goods sold under first in, first out (LIFO) cost flow assumption. Type final cost of goods sold answer in BLANK 1 Question 26 (2 points) Listen Compute September 30 ending inventory under last in, first out (LIFO) cost flow assumption. Show your work. Compute September 30 cost of goods sold under last in, first out (LIFO) cost flow assumption. Type final cost of goods sold answer in BLANK 1
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