Answer:
It would look like this:
a company starts out with 800 units if a particular item in inventory.Assume that their cost is $10 ach. Over the next three mon
ths it buys 100 more units at $11 each,and then 50 more units at $12 each. It sold 200 units during that three months, and it uses the Last In First Out method, you would assume that all of the remaining units should e valued at ----each. a. $10 b. $11. c. $12. d. none of the above answers is correct because you must average the various purchase prices to find the amount to apply to the ending inventory
1 answer:
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to get the LCD we should start by doing a quick prime factoring of each denominator, as you see in the picture below.
the factors in red are the common factors to all values, and they are used in the LCD only once, the other not common factors in blue, they're used in the LCD.
