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.
DUI and DWI Overview. What it means to be charged with a DUI (driving under the influence of drugs or alcohol) or DWI (driving while intoxicated). Drunk driving is known as driving under the influence (DUI) in some states and driving while intoxicated (DWI) in other states. Still others use the term operating under the influence (OUI).