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r-ruslan [8.4K]
3 years ago
6

What happens if an offeree alters and then signs any part of an offer?

Business
1 answer:
bekas [8.4K]3 years ago
3 0
That mean they are going through something
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LIFO uses the last unit costs for Cost of Goods Sold on the income statement and the first unit costs for Inventory on the balance sheet.

<h3>What is LIFO?</h3>

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

For example, if beginning inventory consists of 10 units at $10 per unit. In the middle of the month, 10 units were bought at $15 per unit. At the end of the month, 10 units were sold. Using LIFO, the cost of goods sold would be $150 ( 10 x 15). Ending inventory would be $100 ($10 x 10).

To learn more about LIFO, please check: brainly.com/question/13779572

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2 years ago
Which of the following government offices help individuals fund their college education?
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If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would b
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