Solution-Compute the cost of goods sold for march and the

Compute the cost of goods sold for march and the cost

Reference no: EM132043868

Mabel Company uses the LIFO cost method to account for inventory and has the following activity during the month of March, 2017.

Units Unit cost

Beginning inventory 350 $15.00

Purchase #1 650 $12.00

Purchase #2 250 $10.00

During March, Mabel sold 850 units. Compute the cost of goods sold for March and the COST OF the ending inventory balance at March 31, 2017.

Reference no: EM132043868

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Compute the cost of goods sold for march and the cost

Reference no: EM132043868

Reference no: EM132043868

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