Homework example for lifo pooling:

Units Cost per unit

2017 Beginning inventory 100 @ $ 6.00

Purchases 150 @ 6.25

50 @ 6.55

Sales 175 units

2018 Purchases 75 @ 7.00

125 @ 7.10

Sales 150

2019 Purchases 100 @ 7.40

90 @ 7.50

Sales 300

Use averaging for you incremental layer as we did in the example before this one.

The beginning inventory of 100 @ 6 is the established base year from 2016.