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    tammie50's Avatar
    tammie50 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 31, 2008, 01:30 PM
    Lifo - fifo
    Can someone please explain this? In units

    Date purch sold bal
    4/1 600-6.00 600
    4/3 500-10.00 100
    4/4 1500-6.08 1600
    4/8 800-6.40 2400
    4/9 1400-10.00 1000
    4/11 600-11.00 400

    How do you start lifo and fifo? I don't think I am doing it correctly. I kept beg. Bal at 600 sold 500-10.00 which left 100, then??
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
    Full Member
    		  
    #2

    Feb 2, 2008, 11:00 AM
    Not very clear about the problem except date. For 4/1, what's the 600 on the right? Is it balance of the date or the sold unit of the date? I guess sold unit will be more likely.
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