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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

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	Quantity	*(unit cost)*
May 1	Initial inventory	12	$125
6	Sale	6
8	Buy	11	110
13	Sale	4
30	Sale	2

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