Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   How to calculate lifo and fifo ending inventory (https://www.askmehelpdesk.com/showthread.php?t=438253)

  • Jan 23, 2010, 01:23 PM
    hmda45
    How to calculate lifo and fifo ending inventory
    Beginventory 39 units@49
    Sale 28 units@69
    Firstpurchase 26 units@52
    Sale 15 units@70
    Secondpurchase 21units@55
    Sale 30units@72

    How to cal the cost and ending inventory for LIFO and FIFO
  • Jan 24, 2010, 01:26 AM
    morgaine300

    Our guidelines for homework are that we do not do your work for you. You should show an attempt to do the work first, and we can then correct/guide you and give further hints.

    It's also impossible to show an example without knowing whether this is perpetual or periodic. So here's a link going over this, to help with your attempt at doing the problem:
    Principles of Accounting Chapter 8

  • All times are GMT -7. The time now is 02:51 AM.