subject
Mathematics, 30.03.2021 17:50 ferperez12

Using the last-in, first-out (LIFO) method, we assume that the last units purchased (the last in) are the first ones sold (the first out). In other words, the very last unit purchased for the year is assumed to be the very first unit sold. While this pattern of inventory flow is unrealistic for nearly all companies, LIFO is an allowable reporting practice. Companies that use LIFO for reporting purposes calculate cost of goods sold and ending inventory only once per period—at the end. This means that companies don’t keep a continual record of LIFO amounts throughout the year. If Mario’s sold 800 units throughout

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 21:30
Aladder that is 20ft long is leaning against the side of a building. if the angle formed between the ladder and the ground is 75 degrees how far is the bottom of the from the base of the building?
Answers: 1
question
Mathematics, 22.06.2019 02:50
Is (root2 -2)^2 rational or irrational. show the steps and answer fast
Answers: 2
question
Mathematics, 22.06.2019 03:00
I’m how many different ways can she give the four remaining flowers to the rest of the teachers in the afternoon
Answers: 2
question
Mathematics, 22.06.2019 03:00
Ratio of circumference to diameter example plz i need to now what it looks like.
Answers: 1
You know the right answer?
Using the last-in, first-out (LIFO) method, we assume that the last units purchased (the last in) ar...
Questions
question
Computers and Technology, 09.01.2021 01:00
question
Mathematics, 09.01.2021 01:00
question
Biology, 09.01.2021 01:00
question
Physics, 09.01.2021 01:00
Questions on the website: 13722367