Business, 17.03.2020 00:20 pcruznoel6624

Hoover Company purchased two identical inventory items. The item purchased first cost $47.00. The item purchased second cost $52.50. Then Hoaver sold one of the inventory aa. ending inventory is $52.50 Hoover uses the LIFO cost flow method b. cost of goods soid is $52.50 Hoover uses the FIFO cost tow mehod. c. cost of goods sold is $4700 it Hoover saes the LIfO cost fioww method d. gross margin s 325 2S it Hoover uses the wighited average cost now method

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Hoover Company purchased two identical inventory items. The item purchased first cost $47.00. The it...