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Sales for for 2013 totaled 6400000 cost of goods sold was

Question - Findlay, Inc. uses the LIFO method for its inventory. Inventory is reported at $912,000 on December 31, 2012 and $965,000 on December 31, 2013. The LIFO reserve as disclosed at $24,350 and $30,817 for 2012, and 2013 respectively. Sales for for 2013 totaled $6,400,000. Cost of goods sold was $3,540,864. Compute Findlay's cost of goods sold assuming it uses the FIFO method.

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Accounting Basics: Sales for for 2013 totaled 6400000 cost of goods sold was

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Accounting Basics: Sales for for 2013 totaled 6400000 cost of goods sold was

Reference No:- TGS02515564

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