62. total of $240 and used FIFO costing, the gross profit for the period would be a. $65. The LIFO inventory method assumes that the cost of the latest units purchased are c. the first to be allocated to cost of goods sold.aden Shoe Store has a beginning merchandise inventory of $15,000. During the period, purchases were $60,000; purchase returns, $2,000; and freight-in $5,000. A physical count of inventory at the end of the period revealed that $10,000 was still on hand.
PPG Pittsburgh Paints is a registered trademark of PPG Architectural Finishes, Inc. Dulux is a registered trademark of AkzoNobel and is licensed to PPG Architectural Coatings Canada, Inc. for use in Canada only.
Re: What does WOG stand for on valves; Author: redwood (CT) The 200 WOG is a class rating that corresponds to the pressure specifications of ANSI 16.34. The valve is capable of many different pressures with different materials and temperatures. To fully comprehend its meaning you probably have to get a copy of the ANSI Spec.