accounting queston 8

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/pXTqhfn

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

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Feb 15th, 2015
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Feb 15th, 2015
Dec 10th, 2016
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