2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each…

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Accounts - Principles of Accounts JAMB 2014

2/3 Purchases 900 books at #1,000 each
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each

Calculate the cost of goods available for sale using LIFO

  • #801,000
  • #1,100,500
  • #1,160,500
  • #1,175,500 checkmark

The correct answer is: D

Explanation

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