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    hmda45's Avatar
    hmda45 Posts: 2, Reputation: 1
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    #1

    Jan 23, 2010, 01:23 PM
    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
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jan 24, 2010, 01:26 AM

    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
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