Business, 29.02.2020 06:21 dragongacha777

Lopez Company reported the following current-year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 150 units-50 from each of the last three purchases. Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to 2 decimal places.) Which method yields the highest net income? LIFO Weighted average FIFO Specific identification.

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Lopez Company reported the following current-year data for its only product. The company uses a peri...