Inventory Costing Methods and the Periodic Method Deer Company experienced the following events in February: If the
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Inventory Costing Methods and the Periodic Method Deer Company experienced the following events in February:
If the Deer Company uses the LIFO inventory costing method, calculate the company's cost of goods sold and ending inventory as of February 28 assuming the periodic method.
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Date Feb. 1 Feb. 4 Feb. 9 Feb. 27 Purchased inventory.. Sold inventory..... Purchased inventory. Sold inventory... Event Units Unit Cost Total Cost 100 $18 $1,800 50 100 @ $21 $2.100 100
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