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A company reports the tollowing beg nning inventory and two purchases for the month of January. Un January ? ? b , the company sells
A company reports the tollowing begnning inventory and two purchases for the month of January. Un January the company sells units. Ending inventory at January totals units.
Beginning inventory on January
Purchase on January
Purchase on January
Units
Unit cost
$
Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.
tableDatePerpetual LIFO:,,,Goods purchased,Cost of Goods Sold,Inventory Balance# of units,tableCost perunittable# of unitssoldtableCost perunittableCost of GoodsSWd# of units,tableCost perunittableInventoryBalanceJanuary January Total January $
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