1) Corp starts its life in FY2021 and makes the following Inventory purchases: Corp sold 380 units for $100 each on 12/1
Posted: Mon Mar 21, 2022 4:17 pm
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
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