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Q: Accounting: what is cost of goods sold under lifo? fifo? ( No Answer,   0 Comments )
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Subject: Accounting: what is cost of goods sold under lifo? fifo?
Category: Business and Money > Accounting
Asked by: kitty4400-ga
List Price: $5.00
Posted: 21 Oct 2005 10:28 PDT
Expires: 21 Oct 2005 12:56 PDT
Question ID: 583104
Sales                    $100,000
Operating expenses         30,000
Interest expense            3,000
tax rate - 30%

                     fifo   wtd avg  lifo
ending inventory     5,000  6,000    7,000
cost of goods sold   ?      54,000    ?   

what is cost of goods under fifo and lifo?
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