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Business, 27.11.2019 02:31 brendaesme
Rf company had january 1 inventory of $150,000 when it adopted dollar-value lifo. during the year, purchases were $900,000 and sales were $1,500,000. december 31 inventory at year-end prices was $215,040, and the price index was 112. what is rf company's gross profit?
a. $642,000
b. $647,040
c. $1,302,960
d. $665,190
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Rf company had january 1 inventory of $150,000 when it adopted dollar-value lifo. during the year, p...
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