Business Studies, asked by unnatiwaghela9894, 11 months ago

How to prove the accuracy of cost of sales under fifo method?

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Answered by notoriousboy777
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Here is ur answer:

Kyoto uses a periodic inventory system the cost of goods available for sale. Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods.

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