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Shkiper50 [21]
3 years ago
10

Hale Company purchased two identical inventory items. The item purchased first cost $22.00. The item purchased second cost $25.0

0. Hale sold one of the inventory items for $40.00. Based on this information: A. the amount of ending inventory is $22.00 if Hale uses the LIFO cost flow method. B. the amount of gross margin is $15.00 if Hale uses the weighted average cost flow method. C. the amount of cost of goods sold is $25.00 if Hale uses the FIFO cost flow method. D. the amount of gross margin is $15.00 if Hale uses the FIFO cost flow method
Business
1 answer:
Novay_Z [31]3 years ago
6 0

Answer:

The correct answer is A. the amount of ending inventory is $22.00 if Hale uses the LIFO cost flow method

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