What will be the difference in the cost of goods sold under LIFO and FIFO method given the following Information?

TimeActivityUnitPrice per units
January 1, 2023Beginning Inventory10,000Tk 8
April 10, 2023Purchase5,000Tk 10
November 15, 2023Purchase7,000Tk 12
On December 31, 2023, 14,000 units were sold at Tk 15 per unit

Created: 4 months ago | Updated: 2 months ago

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