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eBook Show Me How FIFO and LIFO Costs Under Perpetual Inventory System The following units of an Item were available for
Posted: Wed Jul 06, 2022 6:10 am
by answerhappygod
- Ebook Show Me How Fifo And Lifo Costs Under Perpetual Inventory System The Following Units Of An Item Were Available For 1 (48.57 KiB) Viewed 16 times
eBook Show Me How FIFO and LIFO Costs Under Perpetual Inventory System The following units of an Item were available for sale during the year: Beginning inventory 41 units at $41 27 units at $64 Sale First purchase Sale 15 units at $42 6 units at $66 Second purchase 12 units at $43 Sale 14 units at $66 The firm uses the perpetual inventory system, and there are 21 units of the item on hand at the end of the year. a. What is the total cost of the ending inventory according to FIFO? b. What is the total cost of the ending Inventory according to LIFO?