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    lcmann's Avatar
    lcmann Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 27, 2011, 08:15 PM
    LIFO
    Jan. 1 Inventory 42 units at 60
    Mar.10 Purchase 58 units 65
    Aug. 30 Purchase 20 units 68
    Dec.12 Purchase 30 units70
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Feb 27, 2011, 08:30 PM

    What is your question? You do not have have any sales so you cannot determine your COGS under LIFO.
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