accounting queston 8

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/pXTqhfn

please include how you got the answer, include all work, it will help with future problems
Oct 20th, 2017

           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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Oct 20th, 2017
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