This question has one part Part 1 Given the below information, what is the dollar amount that the LIFO liquidation added to gross margin Number of Units Price per Unit Beginning Inventory 10 $1 Purchases 12 $3 Sales 15 Ending Inventory 7

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This question has one part. Part 1 Given the below information, what is the dollar amount that the LIFO liquidation added to gross margin ?

This question has one part.

Part 1

Given the below information, what is the dollar amount that the LIFO liquidation added to gross margin?

	Number of Units	Price per Unit
Beginning Inventory	10	$1
Purchases	12	$3
Sales	15
Ending Inventory	7

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