2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each
FINANCIAL
JAMB 2014
2/3 Purchases 900 books at #1,000 each
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each
Calculate the cost of goods available for sale using LIFO
- A. #801,000
- B. #1,100,500
- C. #1,160,500
- D. #1,175,500
Correct Answer: D. #1,175,500
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