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    bunny101's Avatar
    bunny101 Posts: 9, Reputation: 1
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    #1

    Dec 16, 2010, 12:58 PM
    How to calculate FIFO, LIFO?
    July 1st beginning purchase 10un.@120 July 5th purchase 60un@112 July 14th sale 40@ July 21st purchase 30@115 July 30th sale 28@ Calculate for FIFO, LIFO: Answers: FIFO: 3674, 3644, 7696, 7706
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Dec 16, 2010, 01:21 PM

    This looks like a repeat question, unless they are now asking for the Inventory amount?
    bunny101's Avatar
    bunny101 Posts: 9, Reputation: 1
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    #3

    Dec 16, 2010, 01:26 PM
    Comment on Just Looking's post
    For fifo, lifo... answer is: fifi=7696 and lifo=7706... just asking is it right...
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #4

    Dec 16, 2010, 01:32 PM

    Yes, I saw your other question where you asked that and I answered it.

    https://www.askmehelpdesk.com/accoun...fo-535233.html
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