Lisa company had 298 units in beginning inventory at a


Question - Lisa Company had 298 units in beginning inventory at a total cost of $30,694. The company purchased 596 units at a total cost of $84,036. At the end of the year, Lisa had 238 units in ending inventory.

Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost.

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Accounting Basics: Lisa company had 298 units in beginning inventory at a
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