apalacios3503
26.02.2020 •
Business
Mason Company purchased items of inventory as follows. Dec. 2 50 units @ $20 Dec. 12 12 units @ $21 Mason sold 15 units on December 20. Determine the cost of goods sold for the month under the LIFO inventory method.
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Ответ:
$312
Explanation:
The computation of the cost of goods sold under the LIFO method is shown below:
Since the 15 units are sold, so the cost of goods sold is
= December 20 units × price on that date + Remaining units × price on that date
= 12 units × $21 + 3 units × $20
= $252 + $60
= $312
The remaining units is
= 15 units - 12 units
= 3 units
Hence, the cost of goods sold under the LIFO inventory method is $312
Ответ:
ok
Explanation: