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Green Drinks reported the following April activity for its Super Green Juice, which had a balance of 350 qts. @ $2.30 on March 1. Purchases
Green Drinks reported the following April activity for its Super Green Juice, which had a balance of 350 qts. @ $2.30 on March 1. | |||||||
Purchases | Sales | ||||||
11-Mar | 500 qt | $2.40 | 4-Mar | 200 qt | |||
15-Mar | 400 qt | $2.50 | 13-Mar | 500 qt | |||
18-Mar | 400 qt | $2.55 | 25-Mar | 300 qt | |||
What is the ending inventory value at March 31 assuming LIFO and a periodic inventory system? |
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