Solved: Calculate the cost of goods sold by fifo, Cost Accounting

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Calculate the cost of goods sold by fifo

Response to the following problem:

Luek Company completed 60,000 units during the year at a cost of $900,000. The beginning finished goods inventory was 10,000 units at $140,000. Determine the cost of goods sold for 45,000 units, assuming a FIFO cost flow.

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Cost Accounting: Calculate the cost of goods sold by fifo

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Cost Accounting: Calculate the cost of goods sold by fifo

Reference No:- TGS02072747

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