Question

Putter’s Choice carries an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the following for a particular line of Putters Choice putters:
Requirements
1. Prepare Putter’s Choice’s perpetual inventory record for the putters assuming Putter’s Choice uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month.
2. Journalize Putter’s Choice’s inventory transactions using the LIFO inventory costing method.


$1.99
Sales10
Views172
Comments0
  • CreatedJune 12, 2015
  • Files Included
Post your question
5000