accounting question 5

Accounting
Tutor: None Selected Time limit: 1 Day

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

http://imgur.com/zAAaMg7

please include how you got the answer, include all work, it will help with future problems
Feb 15th, 2015

           Parker Company    

                                                                                                                                                                      

 Under LIFO method, purchase of February was sold.

Sale price in March                                                  $40

Less cost of February purchase                               20

The amount of gross margin would be                    $20


Feb 15th, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
Feb 15th, 2015
...
Feb 15th, 2015
Dec 4th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer