winsor manufacturing had january 1 inventory of $295000 when it adopted dollar vaule LIFO. During...
90.2K
Verified Solution
Link Copied!
Question
Accounting
winsor manufacturing had january 1 inventory of $295000 when it adopted dollar vaule LIFO. During the year, purchases were $1720000 and sales were $3,000,000 december 31 inventory at year end prices was $382950, and price index was 111.
what is Winsor's gross profit?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!