LIFO perpetual inventory method

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» LIFO perpetual inventory method

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Jul 21, 2007, 02:36 PM

catrina

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Join Date: Jul 2007

Posts: 2

LIFO perpetual inventory method

What is the cost of inventory on June 30 using LIFO perpetual inventory method in on June 1 Beginning inventory , 15 units @ $20.00 each
June 15 Sale of 6 units for $50.00 each
June 29 Purchase of 8 units at $25.00 each

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Jul 21, 2007, 04:21 PM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,672	What do YOU think the answer is? Make an attempt at your homework problem first.

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