The Corner Frame Shop wants to know the effect of different inventory costing methods on its financial statements Inventory and

Question

The Corner Frame Shop wants to know the effect of different inventory costing methods on its financial statements Inventory and purchases dat June are Click the icon to view the inventory and purchases data If The Comer Frame Shop uses the LIFO method cost of goods sold will be OA 21 200 B 21 240 OC 20 900 OD 22 340 Data table Jun 1 Beginning inventory Units 2 500 Unit Cost 11 00 Total Cost X 27 500

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