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Alpha company has the following information concerning their inventory during November 2017: 1 Nov Beginning inventory 30 untis @ 8.00 USD 8 Nov Purchase 120
Alpha company has the following information concerning their inventory during November 2017: 1 Nov Beginning inventory 30 untis @ 8.00 USD 8 Nov Purchase 120 untis @ 8.30 USD 17 Nov Purchase 60 untis @ 8.40 USD 25 Nov Purhcase 90 units @ 8.8 USD
On Nov 30, an inventory count reveals that there are 90 units on hand. Alpha company uses periodic inventory system. Compute the value of the inventory based on LIFO on Nov 30, 2017
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