Bookkeeping Services for Retailers Bookkeeper for Retail Industry & Business
Posted onWith the LIFO method, the cost of goods sold would be $90 since the last 20 basketballs you purchased cost $6 dollars each. Your inventory value would then be $180 since you have five basketballs left purchased for $6 each and 30 left for $5 each. For example, your business purchased 50 bags of chips […]