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La Grange, Inc

question 12

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La Grange, Inc. reported sales of $1,200 in October and a gross profit of $370. The company had an October 1 inventory of 60 units that had a total cost of $300. October purchases and sales were as follows: La Grange, Inc. reported sales of $1,200 in October and a gross profit of $370. The company had an October 1 inventory of 60 units that had a total cost of $300. October purchases and sales were as follows:   La Grange, Inc., must use A)  LIFO perpetual B)  FIFO C)  weighted average D)  LIFO periodic La Grange, Inc., must use


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