JAMB - Accounts Principles Of Accounts (2014 - No. 22)
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
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
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