What is the fifo and lifo cost of good sold for the attached
What is the FIFO and LIFO Cost of Good Sold for the attached. Beginning inventory 1,000 @ $20 Purchase No. 1 7,000 @ 22 Purchase No. 2 2,000 @ 23 Sales - 7,000 units at $38 per unit=$266,000
Now Priced at $20 (50% Discount)
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