1) Corp starts its life in FY2021 and makes the following Inventory purchases: Corp sold 380 units for $100 each on 12/1

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answerhappygod
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1) Corp starts its life in FY2021 and makes the following Inventory purchases: Corp sold 380 units for $100 each on 12/1

Post by answerhappygod »

1) Corp starts its life in FY2021 and makes the following
Inventory purchases:
Corp sold 380 units for $100 each on 12/15/21. That was the only
sales transaction Corp had for FY2021. What's Corp's Cost of Goods
Sold for the year with LIFO?
A. $29,155
B. $29,000
C. None of the other answers
D. $29,160
E. Not enough information
2) Corp starts its life in FY2021 and makes the following
Inventory purchases:
During FY2021, Corp sold 380 units for $100 each, on these
dates:
What is Corp's Cost of Goods Sold for the year
with LIFO?
$29,155
$29,160
Not enough information
None of the other answers
$29,145
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