Lipton Company completed 112,000 units during the year at a cost of $1,792,000. The beginning finished...
Homework Answers
Calculation of Cost of goods sold assuming FIFO
| Units | Price Per unit | Amount | |
| From opening stock | 14,000.00 | $ 11.00 | $ 154,000.00 |
| During the period | 72,000.00 | $ 16.00 | $ 1,152,000.00 |
| Cost of Goods Sold | 86,000.00 | $ 1,306,000.00 |
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Lipton Company completed 112,000 units during the year at a cost of
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Oriole Company had a beginning inventory of 115 units of Product RST at a cost of...
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Sales during the year were 860 units. Beginning inventory was 290 units at a cost of...
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Problem 4. McLean Company Inc. had a beginning inventory of 300 units of Product MLN at...
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