Business
Business, 14.11.2019 23:31, joshuaburge13

Nash inc. uses lifo inventory costing. at january 1, 2020, inventory was $211,147 at both cost and market value. at december 31, 2020, the inventory was $283,194 at cost and $265,230 at market value. prepare the necessary december 31 entry under (a) the cost-of-goods-sold method (b) loss method.

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Nash inc. uses lifo inventory costing. at january 1, 2020, inventory was $211,147 at both cost and m...

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