The beginning finished goods inventory was 16000 units at


Question - Lipton Company completed 128,000 units during the year at a cost of $1,280,000. The beginning finished goods inventory was 16,000 units at $104,000. Determine the cost of goods sold for 93,000 units, assuming a FIFO cost flow.

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Accounting Basics: The beginning finished goods inventory was 16000 units at
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