What will be the difference in the cost of goods sold under LIFO and FIFO method given the following Information?TimeActivityUnitPrice per unitsJanuary 1, 2023Beginning Inventory10,000Tk 8April 10, 2023Purchase5,000Tk 10November 15, 2023Purchase7,000Tk 12On December 31, 2023, 14,000 units were sold at Tk 15 per unit
What will be the difference in the cost of goods sold under LIFO and FIFO method given the following Information?TimeActivityUnitPrice per unitsJanuary 1, 2023Beginning Inventory10,000Tk 8April 10, 2023Purchase5,000Tk 10November 15, 2023Purchase7,000Tk 12On December 31, 2023, 14,000 units were sold at Tk 15 per unit সঠিক উত্তর Tk 30,000
Cost of goods Sold according to FIFO method: