Question: Compute the ending inventory using the perpetual inventory method for both LIFO and FIFO below: units price 3,500 $ 3.00 1,500 S 3.15 1/1/2015 Beginning
Compute the ending inventory using the perpetual inventory method for both LIFO and FIFO below:
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units price 3,500 $ 3.00 1,500 S 3.15 1/1/2015 Beginning inventory 1/14/2015 Bought 2/5/2015 Sold 1,000 2,000 $ 3.20 1,500 2/22/2015 Bought 3/7/2015 Sold 3/15/2015 Sold 2,000 1,000 $ 3.25 4/5/2015 Bought 4/10/2015 Sold 800 4/12/2015 Sold 800 4/22/2015 Sold 500 5/4/2015 Sold 600 2,000 $ 3.30 5/10/2015 Bought 5/25/2015 Sold 500
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FIFO scroll down for LIFO entry area Purchased Sold Balance Date units cost total units cost total u... View full answer
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1368-B-M-A-V-C(647).xlsx
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