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how do I find fifo and lifo? Sheffield Company's record of transactions for the month of April was as follows. Sales Purchases April 1 (balance
how do I find fifo and lifo?
Sheffield Company's record of transactions for the month of April was as follows. Sales Purchases April 1 (balance on hand) 4 1.260 56.00 April 3 $10.00 3.150 10.00 8 1.680 @ 2.520 1.050 2.940 1.260 2.520 @ 1.890 @ 9.660 13 11.00 6.60 27 12.00 1.050 6.79 Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to O decimal places, eg. 2,760.) (1) FIFO (2) LIFO Inventory $
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