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

    Jul 22, 2012, 02:31 AM
    Lifo and weighted average
    Balance on 1st-200@40
    5/2012 purchase 160@50
    7/2012 sales of 180
    9/2012 purcase 200@60
    14/2012 sales of 240
    23/2012 purchase 240@64
    calculate the cost of sales and the value of stock
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Jul 22, 2012, 04:10 AM
    So which will you use? These questions have been answered many times before
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