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Hi, l made an error the following should be answered when using FIFO periodic and perpetual method. purchases units cost per unit January 1 400
Hi, l made an error the following should be answered when using FIFO periodic and perpetual method.
purchases units cost per unit
January 1 400 $3.00
jan 10 1300 3.10
feb 13 700 3.40
feb 27 600 3.75
sales
units cost per unit
jan 2 300 $6.00
jan 11 1,000 $6.00
feb 28 400 $6.50
thanks, this is very helpful
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