During 2021, a company sells 365 units of inventory for $90 each. The company has the following inventory purchase trans
Posted: Sun Jul 03, 2022 3:54 pm
During 2021, a company sells 365 units of inventory for $90each. The company has the following inventory purchase transactionsfor 2021:
Calculate ending inventory and cost of goods sold for 2021assuming the company uses LIFO.
Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 61 170 185 416 Unit Cost $70 72 75 Total Cost $ 4,270 12, 240 13,875 $30,385
Ending inventory Cost of goods sold
- During 2021 A Company Sells 365 Units Of Inventory For 90 Each The Company Has The Following Inventory Purchase Trans 1 (5.31 KiB) Viewed 18 times
- During 2021 A Company Sells 365 Units Of Inventory For 90 Each The Company Has The Following Inventory Purchase Trans 2 (1.88 KiB) Viewed 18 times
Ending inventory Cost of goods sold