Lifo and fifo

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» Lifo and fifo

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Nov 3, 2007, 03:48 PM

hannahbean

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Join Date: Nov 2007

Posts: 1

Lifo and fifo

if you start with 50 units @ $20 for a total of 1000 and have a purchase of 200 @ $22 for a total of 4400 and then have sale of 90 @40 for a total of 3600 how do you get the inventory because wouldn't it be a negative 40 for a total of negative 1600 but it is saying it's wrong can you please help

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