ali co was organized in 2004 to produce adingle product production and sales records for...
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Accounting
ali co was organized in 2004 to produce adingle product production and sales records for period 2004 2007 are
2004 320000 unit 86400 cost
200000 units sold 122500 $
2005 310000unit produce 86400 cost
290000 sold 175000$
2006 270000 unit produce 129600 cost
290000 sold 203000$
2007 220000 produce 99000 cost
200000 sold 150000 $
Calculate gross profits assuming inventory balance Calculate in term of
1 LIFO
2FIOFO
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