Exam (elaborations)
Accounting Final Exam BMCC LIFO, FIFO, WA Questions With 100% Correct Answers.
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1. FIFO - July 1 90 units @60= May 1 110 units @70= Nov 1 100 units @80= -------------------------- 300 units= 21,000 FIFO= 11,000 2. LIFO - July 1 90 units @60= May 1 110 units @70= Nov 1 100 units @80= -------------------------- 300 units= 21,000 LIFO= 129,000 3. AVG COST - AVG= 11956...
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