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.
TIG Welding, or TIG, is an acronym for âTungsten Inert Gasâ welding. TIG is a commonly used and accepted slag term. The proper terminology is âGas Tungsten Arc Weldingâ or GTAW.This is the term used by welding engineers on blueprints, and in welding procedures.IG Welding, or TIG, is an acronym for âTungsten Inert Gasâ welding. TIG is a commonly used and accepted slag term. The proper terminology is âGas Tungsten Arc Weldingâ or GTAW.