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Given the following inventory transactions: Date Description Units Cost/Sale Price 01/06/13 Opening Inventory 200 50 08/06/13 Sale 80 120 15/06/13 Purchase 200 80 19/06/13 Sale
Given the following inventory transactions:
| Date | Description | Units | Cost/Sale Price |
| 01/06/13 | Opening Inventory | 200 | 50 |
| 08/06/13 | Sale | 80 | 120 |
| 15/06/13 | Purchase | 200 | 80 |
| 19/06/13 | Sale | 50 | 120 |
| 22/06/13 | Sale | 140 | 120 |
Calculate the following using a periodic inventory system
use LIFO work out the
| Unit Cost | LIFO
| ||
| COGS |
|
| |
| Closing Inventory |
|
|
|
| Sales Revenue |
|
|
|
| GrossProfit |
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Handbook Of Energy Audits
Authors: Albert Thumann, William J. Younger
6th Edition
0824709985, 978-0824709983
