Question: using perpetual method Exercise 5-11 Perpetual: Inventory costing methods-FIFO and LIFO ! P1 Tree Seedlings has the following current year purchases and sales for its

using perpetual method Exercise 5-11 Perpetual: Inventory costing methods-FIFO and LIFO

using perpetual method

Exercise 5-11 Perpetual: Inventory costing methods-FIFO and LIFO ! P1 Tree Seedlings has the following current year purchases and sales for its only product. Required The company uses a perpetual inventory system. Determine the costs assigned to ending inventory and to cost of goods sold using ( a ) FIFO and (b) LIFO. (c) Compute the gross profit for each method

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