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During the month of September, Misha's Crystal Ball, Inc. made the following merchandise purchases and sales: Sept 1 purchased 500 units at $16 each
During the month of September, Misha's Crystal Ball, Inc. made the following merchandise purchases and sales: Sept 1 purchased 500 units at $16 each Sept 7 purchased 350 units at $18 each Sept 10 sold 290 units at $55 each Sept 18 purchased 450 units at $20 each Sept 24 sold 425 units at $55 each There was no beginning inventory. Required (be sure to show your work): a) Using the LIFO periodic inventory method, what would be the dollar value of the COGS? b) Using the LIFO periodic inventory method, what be the dollar value of the ending inventory? Edit View Insert Format Tools Table V 12pt Paragraph BIUA V T V BI
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