Log in

View Full Version : Accounting Perpetual Inventory system for LIFO


cheekie19
Oct 20, 2011, 06:45 PM
Figure out Perpetual Inventory system and LIFO.
January 1 inventory 7 @ 22 = 154
May Purchases 14 @ 25 = 350
November Purchases 9 @ 28 = 252
Available for sale 30
July sales 20
December inventory 10