Question: Green Hornet reported the following April activity for its Super Green Juice, which had a balance of 300 qts. @ $2.30 on March 1.
Green Hornet reported the following April activity for its Super Green Juice, which had a balance of 300 qts. @ $2.30 on March 1. Purchases March 11 500 qts @$2.40 March 15 400 qts @$2.50 March 18 400 qts @$2.55 Sales March 4 200 qts March 13 March 25 500 qts 300 qts What is the ending inventory value at March 31 assuming LIFO and a periodic inventory system?
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