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please answer fir the gross profit FIFO and LIFO and check my graphs for correct information. ast edit was seconds ago TVA OD 1E -
please answer fir the gross profit FIFO and LIFO
ast edit was seconds ago TVA OD 1E - ES The inventory data for an item for November is listed below. On the chart provided Determine the Cost of goods sold and the Ending inventory using the a) First In First out method (FIFO) and b) using the Last in First oot method 20 units $19 Nov. 1 Inventory beginning balance is 4 Sold 10 units 10 Purchased 30 units a $20 17 Sold 20 units 30 Purchased 10 units $21 a) FIFO Cost of Goods sold Purchases Nov 1 Beginning Ending inventory 20 @19 $380 4 10 19.00 190 10 19.00 190 10 30 20.00 600 10 30 20 19.00 20.00 20.00 190 600 400 17 10 10 19.00 20.00 10 200 30 10 21.00 210 20 10 20.00 21.00 400 210 b) LIFO Purchases Cost of Goods sold Ending inventory st edit was seconds ago IVA OD S1E E.EE Nov 1 Beginning 20 @19 $380 4 10 19.00 190 10 19.00 190 10 17 10 30 10 10 10 10 10 19.00 20.00 19.00 20.00 19.00 20.00 21.00 150 600 190 200 190 200 210 10 21.00 210 Calculate the Gross Profit ifall units are sold for $32 each Gross Profit FIFO Gross Profit LIFO and check my graphs for correct information.
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