Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 52

Franklin Co.ad 10 units of an inventory item on hand at the beginning of the current year, each of which had a per-unit cost of $10.uring the year, 20 additional units were purchased at $11, and 25 units were sold.hat is the amount of the ending inventory under the LIFO and the averagecost methods of accounting for inventory