accounting question 3

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

i am stuck on the following problem. here is a pic of the problem

http://imgur.com/yiJJEft

please include how you got the answer, include all work, it will help with future problems

Feb 15th, 2015

Under LIFO method, purchase of February was sold.

Sale price                                                                 $40

Less cost of February purchase                                20

The amount of gross margin would be                     $20

Feb 15th, 2015

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Feb 15th, 2015
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Feb 15th, 2015
Oct 24th, 2017
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