Monday
April 21, 2014

Homework Help: accounting

Posted by Angel on Sunday, June 21, 2009 at 2:21pm.

Can somebody please explain what this is asking? I do not understand any of this.
A firm utilizing LIFO inventory accounting would, in calculating gross profits, assume that :
A. all sales were from beginning inventory.
B. sales were from current production until current production was depleted, and then use sales from beginning inventory.
C. all sales were from current production.
D. all sales were for cash.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

uop - A firm utilizing FIFO inventory accounting would, in calculating gross ...
Business - A firm utilizing LIFO accounting would in calulating gross profits, ...
business - At the end of January, Mineral Labs had inventory of 725 units, which...
Microeconomics - Which of the following is most likely to be true of economic ...
college - I need help to journalize these transactions for accounting. Samantha ...
Finance Accounting - Vanity Press, Inc., has annual credit sales of $1.6 million...
accounting - o How are entries made under each type of accounting? o How does ...
accounting - What does it mean to explain the importance of understanding ...
Accounting - In its first month of operations, Cisler Company made three ...
Accounting - In its first month of operations, Cisler Company made three ...

Search
Members