Solution-What would cost of goods sold be if employed the

What would cost of goods sold be if employed the fifo method

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Problem 1: Pischke Inc. is a wholesaler of paper products They began the year with 100 bundles of paper during the year which cost $10 each. They purchased $ 8,000 of inventory during the year, with the cost increasing to $20 per bundle. When they counted at the end, they found they had 200 bundles left. What would cost of goods sold be if they employed the FIFO method of inventory costing.

Reference no: EM132709565

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What would cost of goods sold be if employed the fifo method

Reference no: EM132709565

Reference no: EM132709565

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