Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Using lifo and fifo
[ 1 Answers ]
Engle Enterprises reports net sales revenue for 2009 to be $595,000, January 1, 2009 inventory at $102,000, net purchases at $370,000, and operating expenses at $155,000. Engle Enterprises currently values inventory using LIFO. Using the LIFO method, December 31, 2009, inventory is valued at...
Lifo Vs. Fifo
[ 5 Answers ]
I have to calculate the cost of ending inventory and COGS (cost of goods sold). Every time I try I come up with something different, anyone like to help me? Beginning Inventory Jan. 1 64 units @ $11 TC $ 704 Purchase Jan. 15 249 units @ $12 TC $ 2988 Purchase Jan. 24 ...
Fifo and Lifo!
[ 1 Answers ]
date units purchased total cost of purchased Jan 1 125 units 1,000 Jan 8 150 units 1,150 Jan 18 225 units 825 Jan 30 200 units 750 Using lifo inventory method , the value of the ending inventory on jan 31 is:
Fifo and lifo
[ 3 Answers ]
Can a company use fifo to account for inventory and then use lifo for reporting financial and tax info and is this what is known as the lifo conformity rule? View more questions Search
|