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Calculate the units sold and cost per unit using the PERPETUAL LIFO METHOD Beginning balances as of 12/1/14 of Units Cost per Unit Total Cost
Calculate the units sold and cost per unit using the PERPETUAL LIFO METHOD
Beginning balances as of 12/1/14 of Units Cost per Unit Total Cost Purchase Date 4/17 Beginning Inventory 500 335 167,500 340 S 102,000 6/1 Beginning Inventory 300 200 346 69,200 8/22 Beginning Inventory 350 s 35,000 100 10/1 Beginning Inventory 12/6 Purchase 500 360 S 180,000 400 12/10 Purchase 365 146,000 400 375 150,000 12/18 Purchase 100 S 76 s 37,600 12/19 Purchase 200 12/24 Purchase 380 76,000 280 12/30 Purchase 385 107,800 Totals 2,980 1,071,100 Units 12/1 Sale 250 12/3 Sale 200 12/7 Sale 18 12/10 Sale 300 12/11 Sale 305 12/12 sale 165 12/13 Sale 250 12/19 Sale 310 12/21 Sale 320 12/26 Sale 23 12/31 Sale 180 Total units sold 2,700Step by Step Solution
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