anynomous3083 anynomous3083

14-04-2020
Business

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T-Shirt City uses a periodic inventory system. During the first year of operations, the company made four purchases of a particular product. Each purchase was for 500 units and the prices paid were $9 per unit in the first purchase, $10 per unit in the second purchase, $12 per unit in the third pur- chase, and $13 per unit in the fourth purchase. At year-end, 650 of these units remained unsold. Compute the cost of goods sold under the FIFO method and LIFO method, respectively.

a. $13,700 (FIFO) and $16,000 (LIFO).
b. S8,300 (FIFO) and $6,000 (LIFO).
c. $16,000 (FIFO) and $13,700 (LIFO).
d. $6,000 (FIFO) and $8,300 (LIFO).

Respuesta :

ninjajac10 ninjajac10

14-04-2020

Answer:

is is b

Explanation:

because if you add all the numbers then you get 8 thousand and 6 htousand

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