Business, 19.02.2020 02:47 lays20001

Suppose Sit Down, Co. reported LIFO beginning inventory of $4,056 and LIFO ending inventory of $4,121 in fiscal year 2017. Inventory purchases for 2017 were $21,590 and the change in the LIFO reserve from 2016 to 2017 was a decrease in the LIFO reserve of $30. Calculate the value of COGS FIFO for Sit Down, Co. in 2017.

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Suppose Sit Down, Co. reported LIFO beginning inventory of $4,056 and LIFO ending inventory of $4,12...