Posted by Monty Douglas on Friday, January 21, 2011 at 9:02pm.
Laird Company sells coffee makers used in business offices. Its beginning inventory of coffee makers was 200 units at $45.00 per unit. During the year, Laird made two batch purchases of coffee makers. The first was a 300unit purchase at $50 per unit; the second was a 350unit purchase at $52 per unit. During the period, Laird sold 800 coffee makers.
Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Laird uses
a. FIFO.
b. LIFO
c. Weighted average.

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finance  Anonymous, Monday, September 12, 2011 at 2:26pm
what are the
FIFO
LIFO
weighted average

finance  Anonymous, Thursday, March 28, 2013 at 11:24pm
i need help
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