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LIFO:
20x1
Zenab BF = (24900+3600) = 28500 COGS(L) = COGS(F) + r * BI(F) 61940 = 59800 + r * 28500
r = 0.075088
Faytech: COGS(L) = 52000 + 0.075088 * 22300 = 53674.5
Not sure if this type of question will be on exam. Can anybody took last level1 give some input on calculation questions?
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