Home /
Expert Answers /
Accounting /
suppose-a-company-that-handles-medical-supplies-has-these-inventory-records-for-october-2022-the-pa759
(Solved): Suppose a company that handles medical supplies has these inventory records for October 2022 : The ...
Suppose a company that handles medical supplies has these inventory records for October 2022 : The company uses the periodic inventory method. Round answer to the nearest dollar. Cost of goods sold using LIFO is: \[ \$ 30,540 \] \( \times \bigcirc \$ 31,190 \) \( \$ 44,790 \) \( \$ 39,883 \) \( \$ 30,851 \)
Expert Answer
Calculation of cost of goods sold using LIFO method: LIFO stands for last in first out. Under which inventory which appears last will s