spectacular
May 12, 2009, 03:52 PM
April 1 inventory... 120 units @ $8.04 each
4/10 purchased... 200 units @ $8.20 each
4/25 purchase... 410 units @ $8.40 each
State sold 630 units on April 22.
Compute the value of ending inventory assuming State uses the perpetual LIFO inventory costing method.
4/10 purchased... 200 units @ $8.20 each
4/25 purchase... 410 units @ $8.40 each
State sold 630 units on April 22.
Compute the value of ending inventory assuming State uses the perpetual LIFO inventory costing method.