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The items were sold at $9.99 each. What was the net sales? Fill out the table below (Use your calculations for FIFO and LIFO -
- The items were sold at $9.99 each. What was the net sales?
- Fill out the table below (Use your calculations for FIFO and LIFO - 1 and Weighted Average and Specific Identification - 1
*Remember 33 items were sold! *Cost of ALL merchandise bought is $244.08
| Specific Identification | First In, First Out | Last In, First-Out | Weighted Average |
Sales |
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Less: Cost of Merchandise Sold |
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Gross Profit on Sales |
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