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Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had in beginning inventory 2,000 of Fishes CDs with a
Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had in beginning inventory 2,000 of Fishes CDs with a unit cost of $7. During October, Express made the following purchases of Fishes CDs.
Oct. 3 2,500 @ $8
Oct. 19 3,000 @ $10
Oct. 9 3,500 @ $9
Oct. 25 4,000 @ $11
During October, 10,900 units were sold. Express uses a periodic inventory system.
I can not figure out how to get LIFO (Ending Inventory and Cost of Goods Sold)
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