A company made the following merchandise purchases and sales during the current month: July 1 purchased 380 units at $15 each July...

profilehymadc

A company made the following merchandise purchases and sales during the current month:

July 1 purchased 380 units at $15 each

July 5 purchased 270 units at $20 each

July 9 sold 500 units at $55 each

July 14 purchased 300 units at $24 each

July 20 sold 250 units at $55 each

July 30 purchased 250 units at $30 each

 

There was no beginning inventor. If the company uses the last-in, first-out perpetual inventory system, what would be the cost of the ending inventor?

    • 4 years ago
    • 10
    Answer(1)

    Purchase the answer to view it

    blurred-text
    NOT RATED
    • attachment
      lifo_perpetual.xlsx
    Bids(0)