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Beginnning Inventory, purchases, and sales data for widgets are as follows: April 3 Inventory 15 units @ $30 April 11 Purchase 12 units @ $27
Beginnning Inventory, purchases, and sales data for widgets are as follows:
April 3 Inventory 15 units @ $30
April 11 Purchase 12 units @ $27
April 14 Sale 18 units
April 21 Purchase 7 units @ $25
April 25 Sale 10 units
Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using LIFO.
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