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I need help calculating perpetual LIFO please. Oriole Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on
I need help calculating perpetual LIFO please.
Oriole Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 678 @ $5.00 1,695 @ 5.08 904 @ 5.42 1,356 @ 5.62 791 @ 5.72 565 @ 5.92 Sales April 3 565 @ $10.00 9 1,582 @ 10.00 11 678 @ 11.00 23 1,356 @ 11.00 27 1,017 @ 12.00 5,198 5,989 Your answer is partially correct. Try again. Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to O decimal places, e.g. 2,760.) (1) (2) FIFO LIFO 1 Inventory 4638Step by Step Solution
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