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.
LPG is an acronym for Liquefied Petroleum Gas. LPG is gas that can be compressed into a liquid. Wet gas is a term that is sometimes used to describe LPG, as a result of this property. It may also be referred to as Natural Gas Liquids -- NGL.ollowing its refinement, LPG is stored as a liquid under pressure until used, at which point it becomes a gas or vapour. In Australia, LPG is Propane. Propane is a three carbon molecule with the formula C3H8.