What is the right answer in the options? inventory is P45,000. If FIFO ending inventory is P65,000, how13. With LIFO, cost of goods soid is P195,000, and endin.much is FIFO cost of goods sold?b. 195,000a. 215,000c. 175,000d. 65,000(AICPA)

Goods available for sale Cost of goods sold + Ending inventory As per LIFO method, Cost of…

Answered: FIFO cost of goods sold?

Business

Accounting

FIFO cost of goods sold?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 1CE: LO1 If the ending inventory is overstated by 10,000, indicate what, if anything, is incorrect about...

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What is the right answer in the options?

inventory is P45,000. If FIFO ending inventory is P65,000, how
13. With LIFO, cost of goods soid is P195,000, and endin.
much is FIFO cost of goods sold?
b. 195,000
a. 215,000
c. 175,000
d. 65,000
(AICPA)

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