On November 1st, 20X8, there is an opening balance of finished goods in the amount...
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Accounting
On November 1st, 20X8, there is an opening balance of finished goods in the amount of 100 units valuated at a cost of 50 lei/ unit. On November 10th, 20X8, 250 units are obtained at the production cost of 60 lei/unit. On November 15th, 20X8, 325 units are sold at a selling price of 75 lei/unit. On November 30th, 20X8, 20 units are found in the warehouse when performing the physical inventory. If LIFO is applied for assessing the cost of goods sold and, assuming there were no other expenses recorded except for the ones included in the production process, the profit obtained in November 20X8 is in the amount of: a. 20,375 lei; b. 6625 lei; c. 5375 lei; d. 9375 lei.
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