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Bonita Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $740 each. On Jangary 10
Bonita Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $740 each. On Jangary 10 , Bonita purchased 6 units at $810 each. The company sold 2 units on January 8 and 5 units on January 15. (a) Compute the ending inventory under FIFO. (b) Compute the ending inventory under LIFO
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