Help with Accounting 101! FIFO and LIFO


Question Description

Need help with my accounting work. Please fill in the highlighted blue boxes and explain each input whether with calculations or common rules.

Help with Accounting 101! FIFO and LIFO
Help with Accounting 101! FIFO and LIFO
Help with Accounting 101! FIFO and LIFO

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School: University of Maryland

Hello Please find the solution attached.If you have any questions, please do not hesitate to ask; if all is clear please review and rate my servicesAll the best

Pruitt Company
Sales Revenue
Cost of Goods Sold
Gross Profit
Pretax Income
Income Tax Expense
Net Income
Overstatement of Inventory - 2017

$2.030.000 $2.459.000 $2.709.000
$1.497.000 $1.617.000 $1.778.000

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