What should be cost of goods sold under fifo


The Sea King Corporation reported a LIFO Reserve of $50,000 at the end of the year. The beginning of the year LIFO Reseerve was $40,000. The cost of goods sold was $395,000 under LIFO. what should be cost of goods sold under FIFO ?

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Accounting Basics: What should be cost of goods sold under fifo
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