Solution-What would Yoseffs cost of goods sold

What would Yoseffs cost of goods sold

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Question - Yoseff Company uses the LIFO method of inventory valuation. For Year 5, cost of goods sold was $45,000. Beginning inventory was $5,000 and ending inventory was $6,000. If Yoseff had used the FIFO method of inventory valuation, beginning inventory would have been $8,000 and ending inventory would have been $11,000. What would Yoseff's cost of goods sold in Year 5 have been if Yoseff had used FIFO?

Reference no: EM132514540

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What would Yoseffs cost of goods sold

Reference no: EM132514540

Reference no: EM132514540

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