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-   -   Accounting Perpetual Inventory system for LIFO (https://www.askmehelpdesk.com/showthread.php?t=605622)

  • Oct 20, 2011, 06:45 PM
    cheekie19
    Accounting Perpetual Inventory system for LIFO
    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

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