Solution-Compute findlay cost of goods sold

Compute findlay cost of goods sold

Reference no: EM131720044

Question - Findlay, Inc. uses the LIFO method for its inventory. Inventory is reported at $912,000 on December 31, 2012 and $965,000 on December 31, 2013. The LIFO reserve as disclosed at $24,350 and $30,817 for 2012, and 2013 respectively. Sales for for 2013 totaled $6,400,000. Cost of goods sold was $3,540,864. Compute Findlay's cost of goods sold assuming it uses the FIFO method.

Reference no: EM131720044

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Compute findlay cost of goods sold : Sales for for 2013 totaled $6,400,000. Cost of goods sold was $3,540,864. Compute Findlay's cost of goods sold assuming it uses the FIFO method

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Compute findlay cost of goods sold

Reference no: EM131720044

Reference no: EM131720044

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