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Assuming this textbook inflation rate continues, the current annual cost of college textbooks in 2015 should be about $1339 on average. Saving Money on the Cost of College Textbooks There are several methods of saving money on textbook costs.he cost of textbooks varied by as much as $200 higher or lower depending on the type of college, with less-than-2-year programs having lower textbook costs than 2-year and 4-year programs.
If that was the only book sold during the year, at the end of the year the Cost of Goods Sold account will have a balance of $89 and the cost in the Inventory account will be $351 ($85 + $87 + $89 + $90). If the bookstore sells the textbook for $110, its gross profit under perpetual LIFO will be $21 ($110 - $89).