In the FIFO inventory method, it is assumed that the items ...

[Collmarie]

In the FIFO inventory method, it is assumed that the items purchased first are the first ones to be sold.
  Indicate whether the statement is true or false

Question 2

Find the trade discount amount for an order of paper supplies with a list price of 25,000, less trade discounts of 30/20/10. Use the single equivalent discount for your answer.
 A) 16,120
  B) 11,250
  C) 12,400
  D) 13,750

[macmac]

Answer to Question 1

TRUE

Answer to Question 2

C

[Collmarie]

TYSM

[bblaney]

Thanks for the timely response, appreciate it