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    Nlopez94's Avatar
    Nlopez94 Posts: 1, Reputation: 1
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    #1

    Dec 8, 2012, 02:47 PM
    LIFO perpetual inventory method
    Given the following information determine the cost of the inventory at June 30 using LIFO perpetual inventory method.
    JUNE 1. Beginning inventory 15 units at $29 each
    JUNE 15. Sales of 6 units for $50 each
    JUNE 29. Purchase if 8 units at $15 each.
    The cost if the ending inventory is?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    Dec 8, 2012, 04:43 PM
    I'm sure there are many threads on this site on this subject why don't you use the search function to research them
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