Edit Description

Fill up the form and submit

What will be the difference in the cost of goods sold under LIFO and FIFO method given the following Information?

Time	Activity	Unit	Price per units
January 1, 2023	Beginning Inventory	10,000	Tk 8
April 10, 2023	Purchase	5,000	Tk 10
November 15, 2023	Purchase	7,000	Tk 12
On December 31, 2023, 14,000 units were sold at Tk 15 per unit

Tk 20,000

Tk 30,000

Tk 40,000

Tk 50,000

None of these

ANSWER : 2

Descrption

Please, login first. click here to login

Cancel Login