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Check my work 2 QS 5-5 Perpetual: Inventory costing with LIFO LO P1 20 points A company reports the following beginning inventory and two purchases
Check my work 2 QS 5-5 Perpetual: Inventory costing with LIFO LO P1 20 points A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 250 units. Ending Inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Unita 230 50 100 Unit Cost $ 2.00 2.20 2.34 eBook Hint Required: Assume the perpetual Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Perpetual LIFO Goods purchased Date Cost per unit References Cost of Goods Sold of Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory # of units unit Balance January January wary 20 Totale 9
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