Question
Williams Company had the following balances and transactions during the month. Beginning inventory 10 units at $71 June 10 Purchased 20 units at $80 June
Williams Company had the following balances and transactions during the month.
Beginning inventory 10 units at $71
June 10 Purchased 20 units at $80
June 30 Sold 25 units at $105
What would be the cost of goods sold using:
LIFO costing? $__________ Please show your work.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
10th Canadian Edition Volume 2
1118300858, 978-1118300855
