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22 March, 05:01

Number

of Units

25

75

Date Transaction

Apr. 3 Inventory

8 Purchase

11 Sale

30 Sale

May 8 Purchase

10 Sale

19 Sale

28 Purchase

June 5 Sale

16 Sale

21 Purchase

28 Sale

Per

Unit

$1,200

1,240

2,000

2,000

1,260

2,000

2,000

1,260

2,250

2,250

1,264

2,250

Total

$ 30,000

93,000

80,000

60,000

75,600

100,000

40,000

100,800

90,000

56,250

44,240

99,000how to calculate the lifo

+5
Answers (1)
  1. 22 March, 05:16
    0
    Question

    Number

    of Units

    25

    75

    Date Transaction

    Apr. 3 Inventory

    8 Purchase

    11 Sale

    30 Sale

    May 8 Purchase

    10 Sale

    19 Sale

    28 Purchase

    June 5 Sale

    16 Sale

    21 Purchase

    28 Sale

    Per

    Unit

    $1,200

    1,240

    2,000

    2,000

    1,260

    2,000

    2,000

    1,260

    2,250

    2,250

    1,264

    2,250

    Total

    $ 30,000

    93,000

    80,000

    60,000

    75,600

    100,000

    40,000

    100,800

    90,000

    56,250

    44,240

    99,000how to calculate the lifo
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