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Temka [501]
2 years ago
14

Bramble Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 76 units that cost $

18 per unit. During the current month, the company purchased 478 units at $18 each. Sales during the month totaled 362 units for $43 each. What is the cost of goods sold using the LIFO method
Business
1 answer:
Andru [333]2 years ago
8 0

Answer:

$6516

Explanation:

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

Total sales in the month was 362 units, this would be taken from the inventory purchased during the month

= 362 x $18 = $6,516

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Answer:

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Explanation:

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5 0
3 years ago
Using the profitability index method, the present value of cash inflows for project flower is $88,000 and the present value of c
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4 0
3 years ago
Twinkies on the shelf of a convenience store lose their fresh tastiness over time. We say that the taste quality is 11 when the
Dafna1 [17]

Answer:

4.27 days

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7 0
2 years ago
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vichka [17]
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7 0
3 years ago
If marginal cost is greater than average cost, then
Alex777 [14]
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Hope this helps have a nice day :)
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