Question
Exercise 2. Perpetual inventory record Electronic Equipment and Much More had an inventory of computers. Using the LIFO method and the perpetual inventory system the
Exercise 2. Perpetual inventory record Electronic Equipment and Much More had an inventory of computers. Using the LIFO method and the perpetual inventory system the company recorded the initial inventory, purchases and sales. Determine the cost of merchandise sold and the value of the inventory.
| Date | Detail | amount | Costo de unidad (unit cost) |
| Mayo 1 | initial inventory | 15 | $125 |
| 6 | sale | 5 | |
| 8 | purchase | 10 | 110 |
| 13 | sale | 4 | |
| 30 | sale | 2 |
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
