Question
Addison, Inc. uses a periodic inventory system. Information about one inventory item for the month of September follows. Sep. 1 Inventory 20 units at $20
Addison, Inc. uses a periodic inventory system. Information about one inventory item for the month of September follows.
Sep. 1 Inventory 20 units at $20 $400
10 Purchased 30 units at $25= $750
30 Purchased 10 units at $30= $300
Available for sale 60 units
Sold 30 units
Ending Inventory 30 units. Find the cost of those units under FIFO and LIFO methods.
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Control And Audit Of Minicomputer Systems
Authors: British Computer Society
1st Edition
0471261866, 978-0471261865
